November 10 2016
CINCINNATI, OH – ConstructConnect, one of North America’s leading providers of construction information and technology solutions, announced its eighth annual fall economic webcast: Post-Election Outlook for Design and Construction.” The complimentary webcast — featuring industry-leading chief economists Kermit Baker of The American Institute of Architects (AIA), Ken Simonson of The Associated General Contractors of America (AGC) and Alex Carrick of ConstructConnect — will take place at 2 p.m. EST on November 17.
With construction activity maintaining a forward, but slow momentum, find out if the economists expect election results to have an effect on the upcoming season. All three economists will take questions in the last half hour of the session.
“Much of both residential and non-residential construction spending has been on hold of late, partly due to uncertainty concerning the U.S. Presidential election result,” said Alex Carrick, U.S. chief economist for ConstructConnect. “By November 17th, the outcome will be known and during the webcast we’ll discuss our assessments of the new framework in which owners will be making their capital investment decisions.”
The webcast will cover numerous other questions important to the construction industry including:
- To what extent has the recent deceleration in capital spending been due to underlying economic factors versus uncertainty concerning the outcome of the Presidential election?
- With a resolution of the big political question, which type-of-structure categories will receive an investment boost from the new economic framework? Which will suffer a setback?
- The recovery in residential construction continues to lag behind the expectations of most analysts. Is this temporary or rather due to long-term shifts in housing tastes and demography?
- Will the Federal Reserve soon be moving more aggressively to shift interest rates upwards?
- The jobless rate in construction is at a historic low and wages in the sector are increasing faster than in the economy as a whole. Will labor cost and availability soon loom as larger issues?
- Are there supply/demand and pricing developments in global commodity markets that suggest building material costs might begin climbing again?
- Where are the regions in the U.S. where construction activity will heat up? Cool down?
To take part in the webcast, register here. AIA members who attend the live broadcast will receive AIA CEU credit, and all registered participants can download the presentation slides and view the webcast archive.
About The American Institute of Architects
For over 150 years, members of the American Institute of Architects have worked with each other and their communities to create more valuable, healthy, secure, and sustainable buildings and cityscapes. Members adhere to a code of ethics and professional conduct to ensure the highest standards in professional practice. Embracing their responsibility to serve society, AIA members engage civic and government leaders and the public in helping find needed solutions to pressing issues facing our communities, institutions, nation and world. Visit the AIA website at http://www.aia.org.
About The Associated General Contractors of America
The Associated General Contractors of America (AGC) is a national trade association, dedicated to furthering the ever-changing agenda of commercial construction contractors, improving job site safety, expanding the use of cutting-edge technologies and techniques, and strengthening the dialogue between contractors and owners. Founded in 1918, the AGC today represents more than 33,500 member firms, including 7,500 of America’s leading general contractors and over 13,000 specialty-contracting firms. Visit the AGC website at http://www.agc.org.
ConstructConnect’s collaborative network empowers the construction industry to be more successful with access to relevant information through easy to use technology. Headquartered in Cincinnati, Ohio and with eight other offices in the US and Canada, ConstructConnect brings project participants together throughout North America with the most complete, accurate and actionable construction data to drive success in their markets. For more information, visit http://www.constructconnect.com.