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September saw another decrease in construction spending
Published November 22nd, 2012

September 2012 saw another decrease in construction spending in comparison to September 2011. This decrease did not occur from the amount of money general contractors and construction companies were spending on projects. This decrease in construction spending occurred mostly in the area of local government projects. increased confidence in the real estate market has also contributed to this increase in spending for residences. General contractors should continue to monitor the trend in government spending as the November elections draw to a close. One way the general contractors can influence the impact the elections have on construction spending is to go out and vote. Businesses will be affected by the results of the election for this year. Participating in the voting for the presidential election and local government offices will help businesses shape the future for construction in 2013 and beyond. General contractors in Utah will be affected by the 2012 elections in different ways. One way that the presidential election can affect general contractors in Utah is the decisions that will be made by the Supreme Court. There are some Utah immigration laws that are being reviewed by the Supreme Court. The results of the 2012 presidential election can impact the Supreme Court decision. When seats in the Supreme Court become open who will fill them depends on whether the Democrats or Republicans are in the White House. Watching general construction spending trends is an important aspect of understanding how you will be successful as a general contractor. It can help you determine where you will be able to find new contracts and help you determine whether or not you need to change your area of expertise. If you are looking at changing your area of expertise for the 2013 year now is a good time to start.

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