Newsletter

The construction industry continues to be the primary economic driver of the US economy. As I write this, housing starts were just announced for July and they were the highest since 2007. There is a very minor slowdown in commercial construction but it...

It has been a particularly hot and dry summer in most of the South but that has been good for business. The continuing slow growth economy has also been good for construction as the economy isn’t overheating so the Fed isn’t raising interest rates, which...

I write this letter right after returning from a three day financial conference in New York City where the speakers included some of the top chief economists for the biggest firms on Wall Street. I’m happy to report that the consensus was that we aren’t...

This year continues to unfold quite positively for the construction industry. Most major forecasters are calling for growth in the 6-11% range depending on which segment(s) of the construction industry you participate. However, some analysts are now talking about a possible recession in mid-2017. As...

So far, 2016 continues to be volatile. The stock market has stabilized a bit but has still been on a wild ride so far this year. Oil prices continued to plummet, the Chinese economy is still decelerating, terrorist events continue around the world, and the...

As 2016 begins the bullish projections for the economy in general, and the construction economy specifically, have been tempered by the significant decline in the stock market, falling oil prices, and additional terrorist attacks in the United States and around the world. Hopefully things will...