• 2007 Alaska's Construction Spending Forecast

      Killorin, Mary; Goldsmith, Scott (Institute of Social and Economic Research, University of Alaska., 2007)
      Uncertainty in the forecast for 2007 comes from several sources. The decline in the crude oil price in recent months may cause some firms working in the oil patch to re-evaluate their capital budget decisions and slow their rate of investment in exploration and development. All sectors of the industry are continuing to experience rapid increases in construction material costs that will undoubtedly cause some projects to be canceled or postponed, as has been the case in the last several years.