Chief economists from ConstructConnect, The American Institute of Architects, and The Associated General Contractors of America to discuss the state of the construction industry
October 19, 2018
CINCINNATI – ConstructConnect, a leading provider of construction information and technology solutions in North America, announced its 10th annual fall economic webcast: Tariffs, Trade & Transition: Post-Election Design and Construction Outlook. 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 Thursday, November 15.
Construction activity has been strong in 2018, but will the cumulative effects of tariffs, other trade tensions, and post-election policy adjustments put the brakes on growth? The industry’s three most knowledgeable economists will provide their latest evidence and opinions about the outlook for construction in 2019. All three economists will take questions in the last half hour of the session.
“The U.S. presently possesses the world’s healthiest economy. Less regulation, a reworked U.S.-Mexico-Canada trade agreement, and a more favorable tax regime are elevating business confidence and suggesting strength in construction investment,” explained Alex Carrick, U.S. chief economist for ConstructConnect. “But as recent stock market volatility suggests, there are reasons to be concerned about underlying realities. The super-tight labor market, new tariffs on Chinese imports, and reviving commodity prices are rendering inflation a risk once again. In response, the Fed is raising interest rates and they will act as a check on growth in several ways.”
The webcast will cover numerous topics relevant to the construction industry including:
- How new tariffs are increasing costs and lowering capital spending
- The USMCA trade agreement and impacts on supply chains
- Where construction material cost hikes are biting hardest
- Implications of rising interest rates for construction
- Compensation and other incentives to tackle labor shortages
- Younger managers and accelerating high-tech advances
- Type-of-structure and regional growth hot spots
- Upcoming mega projects in the transportation and energy fields
To take part in the webcast, register here.
AIA members who attend the live broadcast will receive AIA CEU credits. All registered participants will be able to download the presentation slides and view the webcast archive after the live broadcast.
About the American Institute of Architects
Founded in 1857, the American Institute of Architects (AIA) consistently works to create more valuable, healthy, secure, and sustainable buildings, neighborhoods, and communities. Through more than 200 international, state and local chapters, AIA advocates for public policies that promote economic vitality and public wellbeing. AIA provides members with tools and resources to assist them in their careers and business as well as engaging civic and government leaders and the public to find solutions to pressing issues facing our communities, institutions, nation, and world. Members adhere to a code of ethics and conduct to ensure the highest professional standards. Visit the AIA website at aia.org.
About the Associated General Contractors of America
The Associated General Contractors of America (AGC) is the leading association for the construction industry. AGC represents more than 26,000 firms, including over 6,500 of America’s leading general contractors, and over 9,000 specialty-contracting firms. More than 10,500 service providers and suppliers are also associated with AGC, all through a nationwide network of chapters. Visit the AGC website at agc.org.
ConstructConnect is a leading provider of construction information and technology solutions in North America and is committed to transforming the way the construction industry does business by providing its customers the tools, information, and connections needed to drive their success. ConstructConnect brings the construction industry together with the most complete, accurate and actionable construction data and tools to drive success in national, regional and local markets. For more information, visit constructconnect.com.