Don’t Let These IRA Tax Breaks Slip Away for 2023 Construction Projects
Original article on constructionexec.com
How Contractors Can Cash in on the 179D Energy Efficiency Tax Deduction
January Construction Employment Up by 25,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 25,000 jobs on net in January.
Key Takeaways
Nonresidential Construction Spending Decreased 0.5% in December
Key Takeaways
- National nonresidential construction spending decreased by 0.5% in December.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $943.5 billion for the month.
- "Despite the decline, nonresidential spending is up 13.8% year over year, an increase outpacing both overall inflation
Overcoming Obstacles to Drive Digital Transformation in Construction
December Construction Employment Up by 28,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 28,000 jobs on net in December.
Key Takeaways
Nonresidential Construction Spending Increases 1% in November
Key Takeaways
- National nonresidential construction spending increased 1% in November.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $930.1 billion for the month.
- “The average nonresidential contractor starts 2023 with considerable backlog.
ENR Releases 2023 Economic Forecast
ENR has released their 2023 market forecast:
2023 Economic Forecast: Markets Are Mixed for Year Ahead
Inflation, rising interest rates and a possible global recession continue to top the list of forecasters’ concerns for the coming year.
November Construction Employment Up by 20,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 20,000 jobs on net in November.
Key Takeaways
Nonresidential Construction Spending Down 0.3% in October
Key Takeaways
- National nonresidential construction spending decreased 0.3% in October.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $898.4 billion for the month.
- “The only bright spot: the 0.6% increase in publicly financed nonresidential construction spending.
October Construction Employment Up by 1,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 1,000 jobs on net in October.
Key Takeaways