Construction Today - November 2017 - 1
John Krukowski (email@example.com)
Alan Dorich (firstname.lastname@example.org),
Jim Harris (email@example.com)
Bianca Herron, Janice Hoppe-Spiers, Tim O'Connor, Kat Zeman
Richard Bergfeld, Michael Boren, Lilian Bories, Adam Dalva,
Al Feaster, Jennifer French, Amy Hood, Daniel A. Kapner, John
Kennedy, Steve Smith
Stephanie Linquist, Ellen Lynch, Jonathan Lyzun
PRODUCTION TEAM LEAD
SENIOR VP EDITORIAL RESEARCH
EDITORIAL RESEARCH MANAGERS
Melvin Eagleton, Ryan Finn
Johnny Barrow, Olivia Cuadra, Steven DeMarco, Keith Daniels,
Hali Estrada, Kevin Jackson, Daniel Lynch, Mike McCormick,
VICE PRESIDENT OF SALES
DIRECTOR OF REPRINT AND WEB SALES
Dash Blankenship (firstname.lastname@example.org)
FOLLOW US ON TWITTER:
150 N. Michigan Ave., Suite 900
Chicago, IL 60601
ACCESS SUBSCRIBER SERVICES AT
Construction Today (USPS #23137) is published
monthly by Knighthouse Publishing, 150 N. Michigan
Ave., Suite 900, Chicago, IL 60601.
POST MASTER: Send address changes to
Construction Today, 150 N. Michigan Ave., Suite 900,
Chicago, IL 60601. CANADA POST: Publications Mail
Agreement No. 41089016.
Return undeliverable Canadian addresses to
Knighthouse Publishing, 7496 Bath Road #2,
Mississauga, ON L4T 1L3.
Doing it Right
The conditions on job sites
are getting colder, but it's
nice to see industry news
of a spending increase to
warm us up.
According to the Associated
General Contractors (AGC) of
America, overall construction
spending grew between September 2016 and 2017, and private-sector residential demand
offset the annual declines in
public-sector investments in
infrastructure and other work.
"The ongoing economic
expansion is a favorable sign
for private residential and
AGC Chief Economist Ken
Simonson commented. "But
lawmakers continue to underfund public investment."
According to Simonson, construction spending in September reached $1.219 trillion at a
seasonally adjusted annual rate,
which was an increase of 2 percent from the previous year. Although public construction spending rose 2.6 percent from August, it dropped by
1.6 percent compared to September 2016.
But private residential construction spending, which was flat between August and September, is up 9.6 percent over the year, and the
spending on multifamily residential construction grew 0.9 percent compared to a year ago.
AGC's officials noted that because public sector investments in construction are down for
the year, maintenance and improvements will
be delayed although better economic activity
would result in more wear on roads, bridges
and other public works. Congress and President
Trump, they noted, can improve the infrastructure with the inclusion of new investments in
the tax reform measure.
"Done right, tax reform will make it easier for
the private sector to thrive and finance needed
improvements to the public works that support
[our] economy," AGC CEO Stephen E. Sandherr
said. Here's hoping they take AGC's advice.
email@example.com | Construction Today Editor
PLEASE NOTE: The opinions expressed by interviewees, contributors and advertisers within this publication do not necessarily coincide with those of the editor
and publisher. Every reasonable effort is made to ensure that the information published is accurate, but no legal responsibility for loss occasioned by the use of such information can be accepted by the publisher. All rights reserved. The contents of the magazine are strictly copyright, the property of Knighthouse Publishing, and may not
be copied, stored in a retrieval system, or reproduced without the prior written permission of the publisher.
NOVEMBER 2017 CONSTRUCTION-TODAY.COM