Construction

Issue

Title

Corps has $210 million plan for Nome port expansion March Issue 1 2015

Corps has $210 million plan for Nome port expansion

An expansion plan for the Port of Nome is starting to take shape. The U.S. Army Corps of Engineers Alaska District released a draft feasibility report Feb. 20 that outlines what it sees as a reasonable Arctic deep-draft port.

Anchorage residential sales decline 4.2% as prices rise February Issue 2 2015

Anchorage residential sales decline 4.2% as prices rise

It was a mixed bag for Anchorage’s housing market in 2014. While demand slowed, prices generally continued to grow. Michael Droege of Century 21 Realty Solutions told the Anchorage Board of Realtors that the total number of units sold in the municipality fell 4.2 percent last year, to slightly less than 4,000.

Construction forecast positive in short term with 3% dip February Issue 1 2015

Construction forecast positive in short term with 3% dip

The state budget may be grim but Alaska’s construction industry as a whole should have another good year, according to a University of Alaska Anchorage Institute of Social and Economic Research forecast. The 2015 construction outlook predicts a total spend of more than $8.5 billion statewide. That would be a 3 percent decline from the revised 2014 projection of $8.8 billion worth of construction activity in Alaska.

January Issue 2 2015

Slope construction season still strong amid price plunge

It’s a seeming paradox: Oil prices are still sliding as North Slope crude closed at about $55 per barrel Jan. 6, but this year’s winter construction season is shaping up to be one of the strongest ever. Industry employment, the most reliable indicator of activity, set new records in October and November, according to data from the Alaska Department of Labor and Workforce Development.

December Issue 4 2014

Oil price collapse overshadowed 2014 politics

The collapse of oil prices sent shock waves through state government and Alaska’s business community late in the year. Prices dropped from $110 per barrel in July to about $56 per barrel in mid-December. State revenues, about 90 percent dependent on oil taxes and royalties, are now estimated to be about half of what was predicted earlier, about $2.5 billion in unrestricted general fund revenue, down from about $5 billion.

December Issue 2 2014

Knik bridge study indicates minimal population impact

Other than changing the view to the north, the Knik Arm Crossing would not impact the look of Anchorage much at all, even in the long term, according to the latest study of the proposed bridge released Dec. 8.