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This webinar provides a detailed look at recent trends and outlook for construction spending, materials costs and employment, nationally and by state. Rather than treating construction as a single industry or a simple split between residential and nonresidential, the webinar delves into the sharply differing trends and future drivers for single- and multifamily residential construction, 10 categories of private nonresidential construction, and the leading public categories-highway & street and educational, both K-12 and higher.
The recent strong growth in construction employment and sharp drop in unemployment are examined, along with evidence of current and likely shortages of skilled labor in different occupations. National employment data are disaggregated to show which states are experiencing the strongest growth and which are lagging. Evidence is provided on how pricing of new construction projects compares with changes in labor and materials costs, along with an examination of costs for specific inputs.
Why should you Attend: Construction activity has been heating up for the past several months, as measured by increases in spending and employment that outpace the overall economy. But the advances remain uneven by project type and location. In addition, there are growing indications that skilled labor is becoming scarce and that prices for some materials may soon accelerate. These developments could push subcontractors out of business, delay project completions and make some projects unviable.
Areas Covered in the Session: