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Construction Economics

New Tax Law Expands Full Expensing to Nonresidential Roofs

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The Tax Cuts and Jobs Act expands eligibility for full expensing to nonresidential roofs as of Jan. 1, 2018.  Previous law allowed the cost of roof improvements to be deducted from taxable income through depreciation over time.  The new law allows the cost to be deducted in full immediately!  This is a fantastic improvement for small businesses […]

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Why is there a Construction Labor Shortage?

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The construction industry has not fully recovered from the economic losses created by the Great Recession, even though many other industries have.  Today, total U.S. nonfarm employment is approximately 6.8 percent higher than its previous peak in January 2008:Yet construction employment is approximately 8.8 percent lower than its previous peak in April 2006. Is the

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