Abstract
The article considers the contradictive nature of the basic cycles of the growth in construction, the core of which are construction cycles, replenishment cycles of the active part of fixed assets, innovation and investment cycles. All of the listed cycles objectively thwart the science and technology progress in construction. There are presented results of the study of finance leasing as an effective tool, that provides time reduction of the innovation replenishment cycle of the active part of fixed assets in construction. It takes into account the development and implementation terms of construction investment projects in order to timely support the innovation wave and enhance its efficiency in construction for a rapid transition of the construction investment complex and national economy to a new vector of growth.
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