Articles
- Parent Category: News Roundup
- Sunday, 03 December 2017
- Published Date
- Written by TPB News
A report release November 27 by Associated Builders and Contractors (ABC) shows the private construction industry's value as a percentage of the nations’ real GDP rose to 4 in 2016, the highest it’s been since 2009. So reports Building Design + Construction.
There also was a rise of 3.5% in annual growth in real construction spending (slower than the 4.9% increase in 2015). Still, 37 states benefited from these increases in construction activity while 13 states saw a reduction in activity.
Increases in activity adds to the income and potential growth of each state whereas a decline in activity creates a lag in a state’s economy. The top 5 states for construction spending in 2016 were:
- Idaho
- Georgia & South Carolina (tied)
- Florida
- Oregon
Most Read
-
-
Jul 20 2015
-
Written by Administrator
-
-
-
Sep 09 2017
-
Written by TPB Staff
-
-
-
Jul 20 2015
-
Written by Administrator
-
-
-
Oct 04 2015
-
Written by Karen M. Rider
-