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Stimulus Money To Be Used In Construction Work This Summer

The Economic Stimulus Bill will finally put stimulus money to work this summer in the Triangle area and across the nation. President Obama recently visited Columbus, Ohio to promote what the Administration is calling “Recovery Summer,” and to visit the 10,000th road project funded by the Economic Stimulus Bill. The stimulus dollars for construction are improving communities and putting thousands of construction crews to work.

It is estimated that the stimulus spending will increase this summer, and recently the Obama Administration published a report highlighting a few projects that are in the works.

• Six times as many highway projects will be under way this July as were under way last July.
• More than 2,800 water projects will be under way this summer, compared with only 129 last summer.
• About 82,000 homes will be weatherized vs. only 3,000 last summer.
• Nearly 9,000 projects will be under way in July in national parks, compared with 101 last July.

In January President Obama announced that North Carolina will receive $545 million in funds. North Carolina Governor Perdue says she is “Committed to putting the federal recovery funds to use with a high level of efficiency, transparency and accountability.” The North Carolina Department of Transportation plans to use some of the funds to refurbish passenger coaches and locomotives and to expand rail services across North Carolina.

The “Recovery Summer” will do a fine job in providing construction workers with work this summer, but many feel that until the housing and construction industry returns to its state prior to the recession, employment in the construction industry will be temporary. Construction employment declined in 25 states between April and May, and in 45 states between May 2009 and May of this year, according to Associated General Contractors of America.

North Carolina is booming and more jobs are being created every day. Now is the time to make your move. Contact Marti Hampton and her team at RE/MAX One Realty to help you find your dream home.

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