The Federal Government inflation information clearly does not match current Construction industry pricing where everything is rising. Engineering News Record reported that the year over year growth in prices is 3.4% - significantly higher than the Federal Government inflation rate of 1% (the government continually...
ATLANTA – One of the last undeveloped quadrants along the Perimeter business district’s primary commercial corridor is under construction. Owned and developed by Hotel Development Partners, the 4.8-acre site that surrounds the existing Spruill Center for the Arts is soon to be home to the...
Leading indicators provide insight to future economic events; Three events occurred during July 2015 that offer insight to the future economic challenges we face. The impact is not immediate; however, these events will affect the US construction market in the next two years. The first indicator is that...
Boomers – move over – you are about to be replaced. By 2020, forty-six percent of the workforce will be the Millennial Generation. This generation wants a different type of hotel than their parents and the hotel industry is listening to them. Hotel designs are...
As Atlanta was constructing the Olympic venues, the impact on development was felt around the southeast region. Design and Contraction firms focused on Atlanta for a part of the $1.5 Billion Olympic development program. The labor force migrated to Atlanta and the competition for materials...
Perspective can radically change what you achieve without changing anything in your existing environment. When projecting construction trends and their resulting costs, I have long been a proponent of finding leading indicators that can provide the insight and perspective related development and construction. Recently we hosted a...
Several of our projects are currently going through a bidding process. Interestingly, we are getting feedback that many subcontractors are already near or at capacity, forcing them to be more selective in the projects for which they offer proposals. We have heard reports that several...
The RISKIEST part of the Construction Cycle: Each day, I hear lots of excitement from my owner clients about how banks are interested in talking about our project. I hear lots of upbeat optimism from design firms about their proposal volume. Contractors are elated about...
In our June 2012 newsletter, we began advising readers that the commercial construction recovery was on its way. November 2012 was the second consecutive month of commercial construction growth and December numbers to continue the trend. Some clients are feeling the improvement, and depending on...
Over the last 30 plus years I have observed a number of economic recoveries and have discovered patterns that repeat themselves each time. These early economic indicators foretell the economic trends and future events. Over the last 4 months, a clear indication has surfaced as to where the...
