We are near the end of another good year for construction. The “Trump Bump” has the stock market at record highs and even the .25% (25 basis point) increase by the Fed recently shouldn’t slow the momentum of the economy in general and construction in...
The cooler autumn weather is finally upon us after a long, hot, dry summer, at least in most parts of the South. The impending presidential election doesn’t appear to have had much effect on construction although I have heard some forecasters say that some developers...
We are nearing the beginning of the final quarter of the year and it has been another good year for construction. I say good rather than great but I am very happy with a good year. The problem with great years is they normally are...
The construction industry continues to be the primary economic driver of the US economy. As I write this, housing starts were just announced for July and they were the highest since 2007. There is a very minor slowdown in commercial construction but it...
It has been a particularly hot and dry summer in most of the South but that has been good for business. The continuing slow growth economy has also been good for construction as the economy isn’t overheating so the Fed isn’t raising interest rates, which...
I write this letter right after returning from a three day financial conference in New York City where the speakers included some of the top chief economists for the biggest firms on Wall Street. I’m happy to report that the consensus was that we aren’t...
This year continues to unfold quite positively for the construction industry. Most major forecasters are calling for growth in the 6-11% range depending on which segment(s) of the construction industry you participate. However, some analysts are now talking about a possible recession in mid-2017. As...
As 2016 begins the bullish projections for the economy in general, and the construction economy specifically, have been tempered by the significant decline in the stock market, falling oil prices, and additional terrorist attacks in the United States and around the world. Hopefully things will...
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