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Economic Outlook for Residential and Commercial Construction

Abstract:

PBX22 is pleased to partner once again with the Building Industry Association of Hawai‘i and the General Contractors Association of Hawai‘i to present a 2022 update to the popular 2021 presentation by two distinguished national economists, Kenneth Simonson and Dr. Robert Dietz. Their complementary insights will provide a robust picture of the state of the national construction industry, current housing market conditions and their outlook for the year ahead. They are joined by distinguished Hawai‘i economist Paul Brewbaker, who will share his outlook on the future of our local construction landscape. Moderated by Glen Kaneshige, this session is sure to be informative and enlightening!

Track: Virtual Seminar

Date: November 15, 2022

Time: 9:00 – 10:30 AM

Location: Zoom

AIA CEUs: 1.5 LU

Co-Presented by: BIA Hawaii & GCA of Hawaii

Presenter:

Kenneth Simonson, Chief Economist
Associated General Contractors of America (AGC)

Ken Simonson has been chief economist for the Associated General Contractors of America (AGC), the leading trade association for the construction industry, since 2001. He provides insight into the economy and what it implies for construction and related industries through frequent media interviews, presentations and the Data DIGest, his weekly one-page e-newsletter that goes to over 50,000 subscribers. Ken has more than 40 years of experience analyzing, advocating and communicating about economic and tax issues. He currently serves as liaison to the Census Bureau’s Construction Data Modernization Working Group.

Kenneth Simonson, Chief Economist
Associated General Contractors of America (AGC)

Dr. Robert Dietz, Chief Economist & SVP for Economics and Housing Policy
National Association of Home Builders (NAHB)

Robert Dietz, PhD, leads an NAHB team of 12 economists whose responsibilities include forecasts of housing and economic trends, survey research, and home building industry and policy analysis. He has published academic research on the private and social benefits of homeownership, federal tax expenditure estimation, and other housing topics. Dr. Dietz is the nation’s leading analyst of the residential construction industry and is commonly cited on CNBC, the Wall Street Journal, the Washington Post and NPR. Prior to joining NAHB in 2005, he worked as an economist for the Congressional Joint Committee on Taxation. He is a native of Dayton, Ohio and earned a Ph.D. in Economics from The Ohio State University in 2003.

Dr. Robert Dietz, Chief Economist & SVP for Economics and Housing Policy
National Association of Home Builders (NAHB)

Paul Brewbaker, Principal
TZ Economics

Paul Brewbaker’s background is in research on the Hawai‘i economy and in country risk and financial risk analytics from more than 25 years as a commercial bank economist. He received his A.B. from Stanford University and received his Ph.D. from the University of Hawai‘i, both in economics. He also did graduate work at the University of Wisconsin, taught at its Madison and Milwaukee campuses, and lectured for many years at the University of Hawai‘i. He holds the Certified Business Economist designation from the National Association for Business Economics.

Paul Brewbaker, Principal
TZ Economics

Moderator:

Glen Kaneshige, President
Nordic PCL Construction, Inc.

In addition to leading one of Hawai‘i’s oldest kama‘aina construction companies, Glen served as president of the General Contractors Association (GCA) of Hawaii in 2006 and is currently one of four Associated General Contractors (AGC) Governors for the State of Hawaii. He is a management trustee of the Hawaii Carpenters Union Health & Welfare Fund, the Hawaii Masons & Plasterers Training Fund and Vacation/Holiday Fund, and he serves as chair of the General Contractors Labor Association (GCLA) Labor Negotiations Committee.

Glen Kaneshige, President
Nordic PCL Construction, Inc.
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