Download

Download Full Text (2.9 MB)

Description

The total value of construction spending “on the street” in Alaska in 2012 will be $7.7 billion, up 3% from 2011.1,2,3 Wage and salary employment in the construction industry will be stable at the same level as last year— 15,800. This is down from a peak of 18,300 in 2005. Excluding the oil and gas sector—which accounts for 41% of the total—construction spending will be $4.6 billion, up 4% from 2011 and about the same rate of increase as last year. Oil and gas spending will be $3.2 billion, 1% higher than in 2011. Private spending for construction will be up in 2012. Public spending for traditional government purposes will be down somewhat, but public funds also help finance some projects in the utility and health sectors, which are primarily private. So overall, an increase in state spending for construction will offset a decline in federal spending.

Publication Date

2-17-2012

Handle

http://hdl.handle.net/11122/3952

2012 Alaska's Construction Spending Forecast

Share

COinS