Financial Turmoil and the Bond Market: Seattle District Membership Event

Youve read the news and followed the politics of the proposed financial rescue plan. Now its time to gain insight into specifics about how the recent turmoil will affect your industry. At the Oct. Seattle District Membership Breakfast David Hombach VP at Travelers Bond and Financial Products wi...
Posted on: 09/30/2008

Economic News: Market Volatility and Material Inflation

Contractors and developers should expect a few days to a few weeks of financial chaos with volatile credit rates and delayed access to credit from the bankruptcy over the weekend of the Lehman Brothers investment bank says Jim Haughey Reed Construction Data Chief Economist. Then the consequences ...
Posted on: 09/16/2008

AGC Meets with Bush on Cost Increases; Simonson Sees Limited Good News

Douglas E. Barnhart (J. Reese Construction Inc; San Diego Calif.) President of the AGC of America and Stephen E. Sandherr CEO of the AGC of America recently met with President Bush to discuss the impact of rising petroleum costs on the construction industry. Construction costs have risen much mo...
Posted on: 08/20/2008

Architects Predict Significant Easing of Commercial Activity

The following information is provided Kermit Baker Chief Economist for the AIA. The complete article is available here. The prospects for the nonresidential construction industry have taken a definite turn south since the beginning of the year. In December the AIA Consensus Construction Panel w...
Posted on: 08/20/2008

Charts Give Snapshot of 5-Year Construction Material Inflation Trends

You know the price of construction inputs have risen dramatically. But when displayed in chart form and juxtaposed with the general consumer price index (CPI) the price increases of diesel asphalt steel and more seem even more alarming. AGC of America Economist Ken Simonson has prepared easy-to...
Posted on: 08/05/2008

Advice for DOT on Unprecedented Material Cost Increases and Shortages

AGC of America reports that the Federal Highway Administration (FHWA) issued guidance to all of its state Division Administrators on recommended steps for helping state DOTs deal with the unprecedented increase in the cost of various construction materials and availability of other products. The ...
Posted on: 08/05/2008

Construction Economics: FMI Predicts First Nonresidential Decline Since 2003

Mid-year brought a spate of construction economic news as economists and business leaders revisited 2008 forecasts and made early predictions for 2009. The conclusion seems to be that while the Washington State commercial construction industry continues to fare better than much of the country th...
Posted on: 06/24/2008