ISER releases 2014 Alaska Construction Spending Forecast

Spending for construction in Alaska-including both public and private spending-will be about $9.2 billion in 2014, up 18 percent from spending in 2013. Increased spending by the oil and gas industry will account for most of the growth in private spending, and a larger Department of Defense budget will lead growth in public spending. State-funded projects will also be a major part of construction spending, with a number of projects that were funded in recent large state capital budgets starting or continuing in 2014.

These are among the findings of a new forecast by Scott Goldsmith, professor emeritus of economics at the Institute of Social and Economic Research (ISER), funded by Northrim Bank and prepared for the Associated General Contractors of Alaska.

To view the full forecast, visit the ISER website.

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