How to Survive a Recession in the Construction Industry - Dec. 3

AGC and AGC Education Foundation present a special course for top execs of firms of all sizes. Turn-around expert Dr. Thomas Schleifer will arm you for the challenges ahead with tested methods to prepare for - and prosper during - market changes. For info and registration visit Survive Recessio...
Posted on: 11/24/2008

Construction Forecast - A Short and Long Range View - Nov. 18

What does the States anticipated 4 billion $ budget deficit mean for construction? What does Bellevue see for building activity in 2009 and 2010? Will traditional markets keep Contractors employed over time? What will be the construction impacts of growth in the regions global health and green...
Posted on: 11/11/2008

Hebert: Local Business Execs Show Little Optimism for Health of Economy

Puget Sound-area business executives are feeling pretty pessimistic about how the local economy will fare in 2009 according to the quarterly business confidence report by Hebert Research Inc. Heberts Business Confidence Index reached its lowest point in a decade during the third quarter of 2008....
Posted on: 11/10/2008

Liquidity, Smart Vetting are Key in Credit Crunch Era

Be smart know who you are dealing with and be liquid. That was the bottom-line advice to help contractors ride out this period of financial insecurity given by David Hombach Vice President of Construction Services for Travelers at a recent AGC Seattle District meeting. Hombach offered these rec...
Posted on: 10/28/2008

Financial Turmoil and the Bond Market: Seattle District Membership Event

Youve read the news and followed the politics of the financial rescue plan. Now its time to gain insight into specifics about how the turmoil will affect our industry. At the Oct. 21 Seattle District meeting David Hombach VP at Travelers Bond and Financial Products will present The Economys Eff...
Posted on: 10/14/2008

State Congressional Delegation Divided on Bailout Bill

With the defeat of the financial rescue plan in the U.S. House of Representatives congressional leaders and the Bush Administration were scrambling to come up with a Plan B. Congress is expected to reconvene tomorrow (Wed. Oct. 1) in the hope of recrafting a package. AGC of America had strongly...
Posted on: 09/30/2008

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