2018 Alaska's Construction Spending Forecast

Authors

• Linda Leask
• Oliver Scott Goldsmith

Files

Description

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.

Publication Date

1-1-2018

Keywords

Alaska, construction spending, construction

Recommended Citation

Leask, Linda and Goldsmith, Oliver Scott, "2018 Alaska's Construction Spending Forecast" (2018). Reports. 164.
https://scholarworks.alaska.edu/uaa_iser_reports/164

Handle

http://hdl.handle.net/11122/9215