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    2018 Alaska's Construction Spending Forecast

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    2018_01-AKConstructionForecast ...
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    Author
    Leask, Linda
    Goldsmith, Oliver Scott
    Keyword
    Alaska
    construction spending
    construction
    Metadata
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    URI
    http://hdl.handle.net/11122/9215
    Abstract
    The total value of construction spending “on the street” in Alaska in 2018 will be $6.6 billion, up 4% from 2017.1, 2,3 The increase is due to a recovery in Petroleum sector spending which will grow 15% to $2.6 billion from its low of $2.2 billion last year. All other construction spending will be $4.0 billion, a decline of 2% from $4.1 billion last year. Private spending, excluding petroleum, will be about $1.5 billion, down 5% from $1.6 billion last year—while public spending will decline 1% to $2.5 billion. Wage and salary employment in construction will decline 3% to 14.5 thousand.4 After falling by half in the last two years, spending by the petroleum industry will start to recover because of the rise in the price of oil, and more support for the industry from the federal and state governments.
    Date
    2018-01-01
    Publisher
    Institute of Social and Economic Research, University of Alaska Anchorage
    Type
    Report
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