Construction Outlook: Rotation or Retreat?
Homebuilding is in steep decline. Rising financing costs and construction costs, coupled with resistance to further rent increases, mean developer-financed construction is at risk. But a boom in manufacturing projects, and unprecedented amounts of money for infrastructure and alternative energy projects, may outweigh the downturn in other segments. AGC of America Chief Economist will review the labor availability, materials cost, and supply chain challenges affecting construction and provide his fearless forecast.
PRESENTER
Ken Simonson, Chief Economist for the Associated General Contractors of America, ken.simonson@agc.org
Ken Simonson has been Chief Economist for the Associated General Contractors of America, the leading construction trade association, since 2001. He provides insight into the economy and what it implies for construction and related industries through frequent media interviews, presentations, and the Data DIGest, his weekly one-page e-newsletter that goes to more than 20,000 subscribers.
Ken has over 40 years of experience analyzing, advocating and communicating about economic and tax issues. He currently serves as an advisor to the Census Bureau’s construction data re-engineering initiative. He is a Fellow and past president of the National Association for Business Economics, and he is co-director of the Tax Economists Forum, a professional meeting group he co-founded in 1982.
Ken has a BA in economics from the University of Chicago, and an MA in economics from Northwestern University.