Congress has passed a new budget blueprint that would provide relatively modest increases in federal spending for the current fiscal year and the next one. That could provide a boost for construction programs.
A multiyear highway and transit bill—the construction industry’s longtime top legislative priority— is advancing on Capitol Hill, with the House Transportation and Infrastructure Committee’s approval of a six-year, estimated $325-billion measure.
The value of new construction projects fell in September from August’s total but spending for 2015's first nine months continues to run ahead of the year-earlier level, Dodge Data and Analytics has reported.
House Transportation and Infrastructure Committee leaders have unveiled a proposed transportation bill that would authorize $325 billion over six years, but the proposal has a big hole: at best, it would have just three years' actual funding.
