Contruction Today - July/August 2017 - 1
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Time to Act
One issue that's top of
mind for people in the
construction industry is
the nation's infrastructure
and how it is badly in need
Unfortunately, judging from
the recent news from The
Associated General Contractors (AGC) of America, there
are roadblocks in the way of
In August, AGC reported
that construction spending in
June dropped from May, but
also rose compared to last year,
when public investment was
reduced for nearly all types
of structures. "Construction
spending is still increasing
overall, but growth has become
much more uneven across
categories in recent months," Chief Economist
Ken Simonson said.
According to AGC, public construction spending dropped 5.4 percent compared to May and
9.5 percent from June 2016. The association
noted that highway and street construction,
which was the largest public segment, dropped
8.1 percent compared to last year.
AGC said its officials urged Congress and
the Trump administration to work together to
launch measures to fund and finance infrastructure upgrades.
Not only would these protect against deteriorating public works, AGC says, but they would
also help offset lowered construction demand.
"Washington officials need to act quickly to
rebuild our public works before bad roads,
unclean water and unreliable power systems
begin to serve as a drag on broader economic
growth," AGC CEO Stephen E. Sandherr said.
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