2021 Construction & Design Industries Webinar Presentation: Outlook for Residential & Commercial Construction

Abstract:

The construction industry is facing ongoing challenges with access to building materials and labor supply that are constraining growth. Two distinguished economists will provide valuable insights into the causes of these conditions and the future outlook for the industry at this free virtual event.

“Outlook for Residential and Commercial Construction,” co-presented by the Building Industry Association of Hawaii (BIA) and the General Contractors Association of Hawaii (GCA) in partnership with PBX21, features Kenneth Simonson, chief economist with the Associated General Contractors of America (AGC) and Dr. Robert Dietz, chief economist and senior vice president for economics and housing policy with the National Association of Home Builders (NAHB). Their complementary presentations will provide a full picture of the national and local construction landscape.

Mr. Simonson will share the latest data on national and state construction employment, spending by project type, materials costs, and supply-chain issues with an emphasis on multifamily and nonresidential construction. He will also share his predictions on the impact that federal policy and economic changes will have on construction.

Dr. Dietz will provide an overview of economic and housing market conditions, and will detail the supply-side headwinds that are limiting construction sector growth, including a lack of building materials and labor. Housing surged in 2020, and while still strong, has cooled in 2021. He also will examine the geography of home construction and provide insights into the reasons some areas are growing faster than others.

Track: N/A

Session #: N/A

Date: October 28, 2021

Time: 9:00am – 10:30am

Location: Virtual (via Zoom)

AIA CEUs: 1.0

Presented by: BIA-Hawaii and GCA of Hawaii

Track: N/A

Session #: N/A

Date: October 28, 2021

Time: 9:00am – 10:30am

Location: Virtual (via Zoom)

AIA CEUs: 1.0

Presented by: BIA-Hawaii and

GCA of Hawaii

Presenters:

Ken Simonson
Chief Economist, Associated General Contractors of America
Robert Dietz
Chief Economist, National Association of Home Builders (NAHB)

Moderator:

Glen Kaneshige
President, Nordic PCL Construction Inc.
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