Podcast appearances and mentions of ken simonson

Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. The Building BITE hosts Chris Epps, LEED AP and Mike Diercksen, CRIS, welcome back Chief Economist for the Associated General Contractors of America or AGC, Ken Simonson. Throughout the episode, Ken dives into AGC's latest construction outlook report, as well as the 2024 Annual Workforce Shortage Survey. Ken dives into several compelling statistics throughout the episode, leaving our audience with three key takeaways. 1. Job Openings Remain hard to fill: As noted across the board through the AGC Survey, nearly all participants mentioned the challenges they are faced with when it comes to filling jobs with qualified workers. 2. Opportunities Are Coming: Even as others believe the economy may be slowing down, there is reason for optimism. Data Centers and Manufacturing Plants are continuing to pop up at a high clip along with infrastructure projects such as Solar Fields and Battery Plants. The expectation is that these projects will not slow down and if anything, are only gaining momentum. 3. Costs Should Stay Consistent: The market is looking to stabilize and should provide some level of comfort when it comes to project costs. The only outlier in this would be transformers and switch gear, so contractors should plan accordingly to accommodate for those needs specifically. To learn more about Ken's latest construction report, listen to our full podcast episode with Ken Simonson. Please like, share, and subscribe to this podcast!

It's a few days before Labor Day and we're looking at what the construction labor picture looks like in the Valley. According to a recent survey, the majority of contractors are having the same difficulties as they were a year ago when it comes to filling skilled job positions. Joining us this morning is the Chief Economist for the "Associated General Contractors of America," Ken Simonson. 

In this episode, Aaron is back to read two articles from the Associated General Contractors of America (AGC) newsletter.  The first article is titled A Construction Market in Transition: The 2024 Hiring and Business Outlook, a survey conducted by AGC. The second is an article titled US Construction Outlook: Torrid or Tepid?  written by Ken Simonson, Chief Economist, AGC of America.  To Learn more about these Articles tune in to this episode! If you have any questions or feedback, email the Dirt Talk crew at dirttalk@buildwitt.com. Stay Dirty! **UPDATE** Dirt Talk is STOKED to announce Ariat as our first official sponsor for the year! They make world-class footwear and workwear that we see on every job site we visit, and their folks are just as great as their products. Dirt Talk listeners can receive 10% off their first order with Ariat by clicking here or visiting Ariat.com/dirttalk. If you have any questions or feedback, email the Dirt Talk crew at dirttalk@buildwitt.com. Stay Dirty!

On this episode of The Construction Record Podcast™, digital media editor Warren Frey compiles highlights from the recent Construction Economy Outlook Spring 2024 titled “What is Normal Anymore?” and held online on May 9. The webinar, presented by ConstructConnect, the Associated General Contractors of America (AGC) and the American Institute of Architects (AIA) featured ConstructConnect chief economist Alex Carrick and senior economist Michael Guckes, AGC chief economist Ken Simonson, AIA chief economist Kermit Baker and ConstructConnect vice-president of content acquisition Morgan Stinson and vice-president of product marketing Paul Hart. Baker looked at recent trends in construction activity as well as the outlook for this year and into 2025 and Simonson examined construction employment as well as material and labour costs and how much the industry is spending.  Stinson gave an overview of bidding trends seen in ConstructConnect's data and Guckes took a look at the summer starts forecast for construction, as well as project stresses and the continued influence interest rates on the economy. Finally, Carrick did a deep dive on how demographic changes are shaping the economies of both Canada and the United States, as well as how upcoming election in both countries could affect the construction industry and overall economy and looked at rising costs. You can listen to our recent interviews from the Vancouver Island Construction Association annual conference here and our episodes are available at the Daily Commercial News and Journal of Commerce websites, on Libsyn and at  Apple Podcasts, Spotify and Amazon Music's podcast section. Thanks for listening. DCN-JOC News Services

In this episode, AGC of America's chief economist, Ken Simonson becomes your guide through the bustling landscape of construction economics, trends shaping the industry, sound projections for the upcoming year, and how all of the above can impact builders and stakeholders. Tune in to see what contractors can expect in 2024! Guest: Ken Simonson Chief Economist AGC of America Subscribe to the DataDIGest: https://marketplace.agc.org/Store/ItemDetail?iProductCode=4401

On this episode of The Construction Record Podcast™, we have highlights from ConstructConnect's Fall 2023 Construction Economy Outlook podcast, featuring ConstructConnect chief economist Alex Carrick and senior economist Michael Guckes, American Institute of Architects chief economist Kermit Baker, Associated General Contractors of America chief economist Ken Simonson, and ConstructConnect vice-president of product strategy Claire Stubblefield. Baker looked at leading monthly indicators, the spend on construction of buildings and gave a forecast for the coming year, and Simonson struck an optimistic note and spoke about construction employment, including a declining unemployment rate for the industry. Stubblefield explained the latest non-residential building trends and project volumes in the US and Canada using ConstructConnect research data. Carrick said while he's still optimistic about the state of the economy, he does see some reasons for pessimism, and Guckes talked about the Project Stress Index and highlighted labour productivity concerns and post-COVID oversupply.   If you'd like to watch the entire presentation, go to https://www.constructconnect.com/economic-resources and register to view the video and presentation deck. You can listen to The Construction Record on the Daily Commercial News and Journal of Commerce websites as well as on Apple Podcasts, Spotify and Amazon Music's podcast section. Our previous podcast with an interview with All Nations United president Mary French is here. Thanks for listening. DCN-JOC News Services Construction economists highlight positives amidst gloomy indicators  

Peggy Smedley and Ken Simonson, chief economist, the Associated General Contractors of America, talk about if there are factors driving down construction or if there are positive things. He says there has been a huge drop in homebuying, but if you look at housing starts and building permits, it may have bottomed out. They also discuss: The labor shortage and material trends. Three major laws intended to support investment in infrastructure, manufacturing/construction, and renewable power. Advice for construction companies to succeed in today's market. agc.org  (10/3/23 - 841) IoT, Internet of Things, Peggy Smedley, artificial intelligence, machine learning, big data, digital transformation, cybersecurity, blockchain, 5G, cloud, sustainability, future of work, podcast, Ken Simonson, the Associated General Contractors of America, worker of tomorrow This episode is available on all major streaming platforms. If you enjoyed this segment, please consider leaving a review on Apple Podcasts.

Peggy Smedley and Ken Simonson, chief economist, the Associated General Contractors of America, talk about if there are factors driving down construction or if there are positive things. He says there has been a huge drop in homebuying, but if you look at housing starts and building permits, it may have bottomed out. They also discuss: The labor shortage and material trends. Three major laws intended to support investment in infrastructure, manufacturing/construction, and renewable power. Advice for construction companies to succeed in today's market. agc.org  (10/3/23 - 841) IoT, Internet of Things, Peggy Smedley, artificial intelligence, machine learning, big data, digital transformation, cybersecurity, blockchain, 5G, cloud, sustainability, future of work, podcast, Ken Simonson, the Associated General Contractors of America, worker of tomorrow This episode is available on all major streaming platforms. If you enjoyed this segment, please consider leaving a review on Apple Podcasts.

Podcast: The Building BITE Episode: September 2023 U.S. Construction Outlook Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. The Building BITE hosts Chris Epps, LEED AP and Mike Diercksen, CRIS, welcome Chief Economist for the Associated General Contractors of America of AGC, Ken Simonson. Throughout the episode, Ken dives into AGC's latest construction outlook and addresses hot topics in today's climate, including the labor force, wages, and bid pricing. Ken dives into several compelling statistics throughout the episode, including what he believes will be the trend to look out for as we head into 2024. To learn more about Ken's latest construction report, listen to our full podcast episode with Ken Simonson. Please like, share, and subscribe to this podcast! Links: Connect with Ken on LinkedIn View AGC's website at https://www.agc.org/ Connect with Chris Epps Connect with Mike Diercksen

On this episode of The Construction Record Podcast, we bring highlights of the “Build Beyond Today – The Construction Economy Outlook” spring webcast, held by ConstructConnect in partnership with the American Institute of Architects (AIA) and the Associated General Contractors of America (AGC) on May 9. Thee webcast featured economic insights from ConstructConnect chief economist Alex Carrick and senior economist Michael Guckes along with AGC chief economist Ken Simonson and AIA chief economist Kermit Baker. Construct Connect director of private content acquisition Kristy O'Brien also participated in the webinar and ConstructConnect vice-president of product marketing innovation Paul Hart moderated the event. You can listen to The Construction Record on the Daily Commercial News and Journal of Commerce websites as well as on Apple Podcasts, Spotify and Amazon Music's podcast section. Our previous episode covering the Vancouver Regional Construction Association's 2023 Construction Leadership Forum is here. Thanks for listening. DCN-JOC News Services

Kathy Bostjancic, chief economist at Nationwide, says in The Big Interview that the economic data showing that both the economy and inflation are running hotter than expected is going to force the Federal reserve to make some moves that are more likely to trigger not just a recession but a harder landing for the economy. Bostjancic says the Fed has plenty of reason to keep tightening and the markets are starting to price in a bigger rate hike for the March meeting; if February economic data shows continued economic heat, the central bank's response could be the catalyst for a more protracted downturn. But not all economists agree with Bostjancic -- or with each other for that matter -- as shown when Ken Simonson, chief economist for Associated General Contractors of America discusses the latest Outlook survey from the National Association for Business Economics, released today and showing that there is no strong consensus for how the current situation will play out. Plus, Kyle Guske of New Constructs puts DoorDash in the Danger Zone, noting that it's a zombie stock already well down from 2021 peaks but likely to deliver a second helping of losses as it sinks to a very low fair value. And Stan Haithcock, 'Stan the Annuity Man' joins Chuck to answer a question about a listener's pending pension-versus-annuity decision.

Looking for an update on the state of the construction industry? In this episode of The Constructor's Podcast, Ken Simonson, Chief Economist at the Associated General Contractors of America, shares his insights on the industry's current state and what the future holds. Learn about the challenges the industry is facing, such as labor shortages and increased materials costs, as well as the opportunities present in 2023. This is a must-listen for anyone in construction. Key Takeaways: The current state of the economy and how it is impacting the construction industry The expected rebound of the economy in 2023 and the resulting growth in the construction industry The challenges the construction industry is facing in attracting workers and the measures being taken to address those challenges The importance of promoting women in construction and helping to fill the shortage of capable management and leadership resources The range of services, events and training offered by the AGC

On this episode of The Construction Record, we have highlights from ConstructConnect's Fall 2022 Economic Webcast, which drew from a wide spectrum of economic experts to look at the micro and macro trends affecting the industry. The clips in this episode feature American Institute of Architects chief economist Kermit Baker with a  look at major leading economic indicators, Associated General Contractors of America economist Ken Simonson examining changing work conditions and ConstructConnect senior director of project strategy data Fonda Rosenfeldt who looks at how the pandemic affected economic data. ConstructConnect senior economist Alex Carrick examines how net-zero will push the industry forward and ConstructConnect senior economist Michael Guckes examining energy's role in the construction economy and the role of supply chains going forward. If you'd like to view the entire session, it's available along with previous webcasts here and you can listen to The Construction Record on the Daily Commercial News and Journal of Commerce websites as well as on Apple Podcasts, Spotify and Amazon Music's podcast section. Our previous episode about the upcoming Canadian Council for Public Private Partnerships conference is available here. Thanks for listening. DCN-JOC News Services

On this episode of the Construction Record Podcast, digital media editor Warren Frey speaks with ConstructConnect chief economist Alex Carrick and senior economist Michael Guckes about the highs and lows of the global economy as we reach the end of 2022. Carrick explained how geopolitical events such as both the war in Ukraine and President Xi's in China's rise to new levels of autocracy has shifted economic trends, as well as the continued wave of baby boomer retirements boosting both the travel and medical sectors. Guckes pointed to the same cohort of boomers as emblemativ of the loss in productivity as they leave the workforce and institutional knowledge and experience is lost as new generations move to prominent positions. Both Carrick and Guckes also gave a preview of the topics they'll be covering at the upcoming ConstructConnect annual economic webcast on Nov. 15. Titled “Resources for a World of Economic Uncertainty,” the event will also feature American Institute of Architects chief economist Kermit Baker, Associated General Contractors of America chief economist Ken Simonson and ConstructConnect senior director of product strategy Fonda Rosenfeldt and vice-president of marketing innovation Paul Hart. Click here to register. You can listen to The Construction Record on the Daily Commercial News and Journal of Commerce websites as well as on Apple Podcasts, Spotify and Amazon Music's podcast, and you can listen to our previous podcast looking at the 95h anniversary of the Daily Commercial News here. Thanks for listening. DCN-JOC News Services

Kevin Mahn, president and chief investment officer at Hennion & Walsh, says investors should be deciding their current course based mostly on their reactions to current conditions. He believes that the worst is behind us in terms of the pullback in stocks, record-setting inflation and the hawkishness of the Federal Reserve, which has him expecting better days ahead and positioning to take advantage of them, but he notes that investors who disagree  and who are still uncomfortable and losing sleep at night should own up to their risk tolerance and be building in more downside protection to their portfolio now. One group that does not necessarily agree with Mahn's optimism is the National Association for Business Economics, which today released its October 2022 Economic Outlook Survey; Ken Simonson starts today's interviews talking about just how pessimistic the economists are and how bad they foresee conditions getting in the recession that most of them foresee for the end of the year and the start of 2023. Also on the show, David Trainer of New Constructs puts Twitter and Netflix in The Danger Zone, noting that the two big name companies are showing street estimates that he considers out-of-whack with reality, making them likely to suffer an earnings miss when quarterly numbers come out soon and, in the Market Call, Christopher Zook of CAZ Investments discusses thematic investing and finding growth at a reasonable price now.

Justin Fitzpatrick, co-founder of Income Lab, says that while investors and retirement savers are starting to freak out about what the market has done to their portfolio values, they should be considering instead whether recent declines have actually impacted their ability to afford the retirement lifestyle they're planning. Funding your lifestyle is what matters in retirement, Fitzpatrick says, while movements in the market are fleeting and may not have much impact on retirement income. Zoe Barry of Zingeroo looks at how investors on the platform have been changing their behaviors in current markets, noting that many younger investors have turned away from the things they know and are comfortable with -- which was pushing them toward meme stocks and popular names -- to broaden out their holdings now. Also on the show, Ken Simonson, chief economist for the Associated General Contractors of America discusses the National Association for Business Economics July 2022 Business Conditions Survey released today, and David Trainer of New Constructs puts SNAP Inc. back in the Danger Zone, saying the big losses it has suffered don't make it immune from losing the rest of its value.

Thursday's AOA began with Brian Earnest, Lead Animal Protein Economist at the CoBank Knowledge Exchange, discussing the state of the poultry markets as that industry comes out of HPAI. Next, we spoke with Ken Simonson, Chief Economist for the Associated General Contractors about the trends in construction costs and labor availability. Beth Breeding, VP of Communications at the National Turkey Federation, joined in segment three to discuss what 120 turkey industry folks are bringing up this week in Washington DC and we ended the show with Sarah McKay, Director of New Market Development at the National Corn Growers Association discussing the upcoming Consider Corn Challenge!

In this week's episode of the Built with Billd podcast, Ken Simonson joins Russ Briscoe to talk about the current and future state of the construction industry.  Ken Simonson is the Chief Economist with The Associated General Contractors of America. He also puts out a weekly newsletter breaking down the most important data around construction starts, employment, and spending so you can stay up to date on everything that's happening in the industry. Ken is an incredibly smart and well-informed mind in the construction space and is the perfect person to speak on the current and future state of the industry. We hope you enjoy! --- AGC Data Digest: https://constructioncitizen.com/blogs/ken-simonson AGC: https://www.agc.org/ Follow us on social media: https://linktr.ee/billd --- If you have questions or comments about this week's episode, please reach out to us at grow@billd.com

This week we have something a little different. ConstructConnect held their State of the Construction Industry – 2022 and Beyond economic webcast on May 10 and digital media editor Warren Frey  goes through some of the highlights as a series of experts looked at the highs and lows of the economy in the recent past, right now and in our immediate future. American Institute of Architects chief economist Kermit Baker, ConstructConnect chief economist Alex Carrick and Associated General Contractors of America chief economist Ken Simonson all analyzed factors influencing the economy including continued pandemic mitigation, supply chain worries and the state of construction employment. Construct senior economist Michael Guckes also looked at labour mobility and ConstructConnect senior director of content services Fonda Rosenfeldt examined data points showing a shift from general work to more civil projects. If you'd like to see the full webcast and other videos go here and You can listen to The Construction Record and TCR Express on the Daily Commercial News and Journal of Commerce websites as well as on Apple Podcasts, Spotify and Amazon Music's podcast, and you can listen to our recent interview with Cromeens Law Firm LLC owner and managing partner Karalynn Cromeens here. Thanks for listening and we'll see you next week. DCN-JOC News Services

In this week's episode of Walkthrough Wednesday, we dive right into the AGC Data Digest from Ken Simonson, pry open the infamous mail bag, and talk about a few items that may put a further strain on supply chain recovery. All of this and more that you don't want to miss. Follow us at https://linktr.ee/billd to stay up-to-date on the latest news in commercial construction. Today's article: https://www.constructiondive.com/news/economic-headwinds-threaten-constructions-spring-recovery/622188/  

Surprise Workforce Surge for Builders!The construction industry is reporting good news about the worker shortage. The Associated Builders and Contractors group says there's been a surge of workers returning to the industry, and the workforce size is almost what it was at the start of the pandemic. But even with that progress, the workforce gap is still an issue. (1)Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.The Labor Department says the industry added 60,000 jobs last month, in February. Nonresidential construction added about 29,000 of those jobs for an annual increase of 3.9%. Residential construction added about 31,000 jobs for an annual increase of 4.5%. That brings the total number of construction workers to 7.6 million but the industry still has many positions to fill. The unemployment rate for the construction industry is currently at 6.7%. That's almost twice the rate of unemployment for the population in general, which is running at 3.8%.State Data on Construction JobsIf you break the data down into states, the Associated General Contractors of America says that construction employment is ‘higher” than pre-pandemic levels in 29 states and “lower” in 21 states, plus Washington, D.C. According to that organization, some states are still reporting record low employment numbers for the construction industry. (2)The association's chief economist, Ken Simonson, says: “The scramble for workers is likely to drive wages and overtime costs even higher at the same time rising materials prices are cutting into already tight margins.”Although the worker shortage continues, the February numbers are a good sign. ABC's chief economist Anirban Basu says: “Bottom line: The U.S. economy is charging into the post-pandemic world with significant momentum, and nonresidential construction is part of that story.” He says there's evidence that “contractors have had a somewhat easier time filling available positions recently” and that “supply chain issues have improved slightly.”National Construction Workforce GapAgain, that kind of scenario will vary from state to state. And there is still a dire need for construction workers across the U.S. ABC estimates that the industry needs another 650,000 workers to help the industry catch up with housing market demand. But Basu believes that 2022 will be a strong year.Of course the impact of the Russian invasion of Ukraine is a big variable. That is pushing prices higher for some things, like gas, and causing new supply chain issues. Basu also points out that the government won't be spending as much money this year, despite plans for infrastructure upgrades.AGC of America CEO Stephen Sandherr says that construction firms will have to pass along additional costs and that developers “should not be punished for failing to foresee a Russian invasion, spiking oil prices and soaring inflation when preparing public works bids.”Rapid Workforce GrowthSo there are still headwinds from various directions but there are also signs of optimism. Basu says: “At the heart of America's economic momentum is rapid workforce growth, with more people re-entering the workforce to take advantage of higher wages and to better contend with rapidly rising prices.”If you'd like to read more on this topic, you'll find links in the show notes at newsforinvestors.comAlso, please remember to hit the subscribe button, and leave a review!You can also join our real estate investor network for free at newsforinvestors.com. That gives you access to the Investor Portal where you'll find information on rental markets and sample property pro-formas. You can also connect with our experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke...Show Notes link: https://www.newsforinvestors.comJoin link: https://join.realwealth.com/?utm_content=Real%20Estate%20News%20Podcast&utm_campaign=Join%20for%20Free&utm_term=Description%20Text%20LinkSubscribe link: https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id1079952715Links:1 - https://www.abc.org/News-Media/News-Releases/entryid/19274/construction-employment-surges-in-february-to-near-pre-pandemic-levels-says-abc2 - https://www.agc.org/news/2022/03/14/construction-employment-remains-below-pre-pandemic-levels-21-states-and-dc-spiking-materials-price

Join CMAA's Nick Soto and Carly Trout as they chat with economist Ken Simonson and a discussion around the U.S. construction outlook. In this inaugural episode, we're getting out our crystal ball and looking at the future of workforce worries, project prospects and supply snags.

Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. The Building BITE hosts Chris Epps, LEED AP and Mike Diercksen, CRIS, welcome Chief Economist for the Associated General Contractors of America (AGC), Ken Simonson. Throughout the episode, Ken dives into AGC's latest U.S. Construction Outlook and addresses hot topics in today's climate, including the labor force, supply chain issues, and materials. Ken dives into several compelling statistics throughout the episode, including what GCs can do to help find and retain talent when bid prices are still lagging input costs by almost 20% (17.5) on the Producer Price Index. Another segment addresses Federal work increasing by 37% due to the new Infrastructure Bill, and an industry outlook as a result. Ken leaves us with three takeaways stemming from his report. 1. If you're optimistic, you're in the right frame of mind. It appears there will be quite a pickup in non-residential construction work and continuing activity on multifamily. 2. Expect a lot of volatility in prices. With that, it's essential to be nimble about when to buy and how to bid. 3. Be prepared for a long-term scramble to find workers you need to retain and the ones you want. Retaining and attracting top talent is undoubtedly a big takeaway. Ken leaves our listeners with his recommended action item, to invest in making your workforce nimbler and more aware of doing the job. It starts with the CEO ensuring that the workforce is more aware of other ways of doing business, being safer, and helping workers feel most comfortable and enthusiastic about doing their job in the first place. To learn more about Ken's latest construction report, listen to our full podcast episode with Ken Simonson.

On this spooktacular Halloween episode of the Construction Record podcast, Daily Commercial News national managing editor Vince Versace, daily editor Lindsey Cole, digital media editor Warren Frey and freelance contributor Peter Kenter get together and look at the scarier side of construction, including Peter's terror-tinged story about haunted construction sites featuring AMI-TV show Sight Seers co-host Mark Joly. With a little help from clips from Peter's interview with Joly we delve into mysterious moving drill bits, a knight meeting his grisly end on what eventually became a renovation site and the dark energy permeating the Halifax Club and hampering renovations. We also take a deep dive into the construction roles various ghouls and monsters would take on a work site, including the Invisible Man's union problems, why Cenobite Pinhead would make a great architect and how werewolves might be the most reliable and skilled construction workers. Vince also highlights an upcoming ConstructConnect Economic Webcast about construction challenges in 2022 as we navigate past real world scares such as the pandemic, supply chain shortages and labour constraints. The webcast on Nov. 3 a 1 p.m. ET features Associated General Contractors of America chief economist Ken Simonson, a representative from the American Institute of Architects and ConstructConnect's own chief economist Alex Carrick. You can listen to The Construction Record and TCR Express on the Daily Commercial News and Journal of Commerce websites as well as on Apple Podcasts, Spotify and Amazon Music's podcast section and you can hear last week's episode featuring RCCAO's Nadia Todorova and OSWCA's Patrick McManus on utility locate delays here. Thanks for listening and we'll see you next week. DCN-JOC News Services

Contractors have been struggling with a worker shortage that began with the Great Recession, and then was made worse by the pandemic. If one worker on the job site gets sick with the virus, the entire project can be stalled for at least 2 weeks. And now, things are becoming even more complicated as more clients are wanting all workers on their property to be vaccinated. But many available workers are pushing back. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Getting the job done has been tough for contractors dealing with supply chain shortages, rising prices for the materials, and permitting issues. Add to it that the number of new coronavirus cases hit a 7-day daily average of 166,000 on September 1st. According to data in the New York Times, the case count has come down a bit since then but is still above 152,000. Some healthcare professionals are predicting another surge this month because of the Labor Day holiday and social gatherings, while others are saying that the Delta variant moves fast and furious and will be gone as quickly as it came.Chicago-based developer, Josh Stark, told Construction Dive that worries about the high case count right now could further impact construction and the slow supply chain recovery that's been haunting the industry. He says that we're seeing suppliers come back online, but if those cases turn into more hospitalizations or deaths, then those businesses might have to shut down again.Vaccine Hesitancy Among Construction WorkersWhile many different companies nationwide are mandating certain precautions for workers, including vaccinations for those who want to go back to work in the office, Construction Dive reports that more than 40% of construction workers say they will not get vaccinated.A construction safety nonprofit out of Maryland called The Center for Construction Research and Training says that vaccine hesitancy among construction workers runs much higher than other occupations. A graph in the article shows most occupations are dealing with a vaccine hesitancy percentage of 15% which is about 25% less than the construction's 40%.This is a problem for contractors who have clients demanding that anyone who steps foot on their property be vaccinated. Kyle Peacock of the San Francisco-based Peacock Construction says he started getting vaccine mandates from his customers in just the last few weeks. He says: “All of our healthcare clients are doing it, but we've also had a couple office tenants that said they're only going to let vaccinated people into their offices.”Job Site Mandates for Vaccinated WorkersThere are some vaccinated workers who only want to work with other vaccinated employees, which is creating concerns about a labor shortage that could worsen in the coming months. Ken Simonson of the Associated General Contractors told Construction Dive that employment levels are already below their pre-pandemic peak in 36 states.An opinion piece in Construction Dive by a New York-based contractor says the industry is already dealing with high prices for materials, appliances that are difficult to find, and a shortage of workers. And now, the construction industry has to add a Covid-problem-solving issue to his list. He says: “Construction workers are, at their core, a hardy, headstrong, self-sufficient group.” And he added that “They leave their homes daily and travel substantial distances, carpooling and ride-sharing. They stop at delis, lumber stores and home goods stores." That makes them more exposed to the potential of catching the virus and spreading it than those working from home.Risk of Further Impact to Worker ShortageThere are many, many strong opinions as to why people should or should not get the vaccine, and why the do or don't want it. We won't go into those reasons here. What's important for real estate investors to understand is how this situation may affect our industry. If 40% of construction workers are not planning to get vaccinated, will there be a further shortage of workers over the next few months or years if more job sites require it? Fewer workers would put more downward pressure on an already short supply because fewer homes could be completed without workers. If demand for housing continues, but supply stays low, prices will likely continue to rise.If you'd like to read more about this issue in the Construction Dive articles, check for links in the show notes at newsforinvestors.com. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.1 -https://www.constructiondive.com/news/contractors-caught-between-vaccine-hesitancy-and-owner-mandates/605434/2 -https://www.constructiondive.com/news/a-call-to-action-for-covid-19-vaccinations-in-construction/605720/

For 20 years, Ken Simonson has been the Chief Economist at Associated General Contractors of America. Ken provides information about construction activity by segment and region; materials cost and availability trends; national, state, and metro construction employment data through frequent presentations, articles, press releases, interviews, survey write-ups, and the Data DIGest, my weekly one-page summary of economic news relevant to construction. 

Here is part 2 of 2 of our podcast featuring is Ken Simonson, Chief Economist of the Associated General Contractors (AGC). Ken continues from where we left off in Part 1, taking questions from industry leaders concerning the future and current state of affairs in the industry. Please subscribe, and keep an eye out for the next episode!Here is Ken Simonson's email address: ken.simonson@agc.orgHere is a link to Ken and the AGC's Data DIGest: https://store.agc.org/AGC/Store/StoreLayouts/Item_Detail.aspx?iProductCode=4401&CATEGORY=1900Music by Josh Roberts at www.joshroberts.comAdditional sound effects provided by www.zapsplat.comwww.hcrc.us828-515-4272

Here is part 1 of 2 of our premier podcast, featuring Ken Simonson, Chief Economist of the Associated General Contractors (AGC). Ken took questions from industry leaders regarding the state and future of the heavy civil sector, particularly focusing on COVID-19 and the Biden Administration. Please subscribe and stay tuned for part 2!Here is Ken Simonson's email address: ken.simonson@agc.orgHere is a link to Ken and the AGC's Data DIGest: https://store.agc.org/AGC/Store/StoreLayouts/Item_Detail.aspx?iProductCode=4401&CATEGORY=1900Music by Josh Roberts at http://joshrobertsmusic.com/Additional sound effects provided by www.zapsplat.comwww.hcrc.us828-515-4272

Welcome to the trailer for Digging, the podcast of the heavy civil industry! This podcast is a brief introduction all about what we'll be doing with the podcast. Tune in to our next podcast for an interview with Ken Simonson, the Chief Economist of the Associated General Contractors (AGC) of America. Music by Stefan KartenbergAdditional sound effects from https://www.zapsplat.com/

Ken Simonson Discusses the Outlook for Growth in the Construction Market in 2021 by Floor Focus Magazine

Since the start of the pandemic, the construction industry has shed more than 400,000 jobs as demand for projects has stalled in many parts of the country. In this episode, Ken Simonson, AGC’s chief economist; Allison Scott, Autodesk’s Director of Construction Thought Leadership and Customer Marketing; and Steven Sandherr, the chief executive officer of the Associated General Contractors of America will talk about the key findings of the 2020 Construction Workforce Survey, observations about how the coronavirus is impacting the sector’s productivity and what AGC will be doing to support the construction industry going forward. Full report of the 2020 AGC Construction Workforce Survey and Fact Sheets by State: https://www.agc.org/news/2020/09/02/coronavirus-has-caused-significant-construction-project-delays-and-cancellations-yet

Rusty Vanneman, chiefinvestment officer at Orion Advisor Technology, says that if your asset allocation and investment plan were appropriate prior to the global pandemic, they remain appropriate and proper today, meaning that most investors should not be changing their holdings much in the middle of current troubles, even as they look for opportunities going forward. Vanneman believes that there will be superior economic growth when the viral economy ends, which should lead to value stocks and small-cap stocks -- two areas that were lagging the market pre-crisis -- becoming leaders. Also on the show, Ken Simonson discusses results from the latest National Association of Business Economics survey, where wide-ranging results show how hard the current situation is to analyze, Phil Haslett of EquityZen discusses the initial-public offering and pre-IPO markets, and David Trainer of New Constructs says that certain research efforts are undermined by the economic shut-down, creating problem areas for investors who rely on those numbers.

Ken SimonsonAssociated General Contractors of AmericaNational Association of Business EconomicsEmail Ken to Sign-Up for the Weekly Data Digestken.simonson@agc.orgAGC's Construction Economics Resources

On the latest episode of AGC’s ConstructorCast, we talk with two leading economists covering the construction sector: Ken Simonson, chief economist for AGC, and Kermit Baker, chief economist for the American Institute of Architects. Don’t be put off by their titles, though—these guys speak English! Ken and Kermit provide a fast-paced overview of what to expect in the coming year for different categories of construction spending, labor availability and materials costs. They assess the broader economic environment and how various changes in economic growth or policy could affect contractors. To receive the Data DIGest, Ken’s one-page weekly summary of economic news relevant to construction, email him at ken.simonson@agc.org. Visit AGC’s website at https://www.agc.org/learn/construction-data for construction-specific data and economic information. Access AIA’s business intelligence resources here: https://www.aia.org/business-intelligence.

Missouri's Construction Economy Overview with Ken Simonson, Chief Economist for AGC of America.Support the show (http://www.agcmo.org)

R.W. Allen CEO Scott Clark discusses regional health care construction trends and a recent construction forecast by Ken Simonson, chief economist for the Associated General Contractors of America.

A number of big trends are already emerging in 2018—and they have set the course for what is to come in 2019 and beyond. Ken Simonson, chief economist, Associated General Contractors joins CONEXPO-CON/AGG Radio to discuss the overall outlook for the construction industry. He also discuss how trade disputes and tariffs are affecting the industry, the change in the labor market situation, and events that might make 2019 a better year for construction.

Thanos Vamvakidis, Bank of America Merrill Lynch International Head of G10 FX Strategy, thinks the dollar is overvalued by about 10%. Tim Quinlan, Wells Fargo Securities Senior Economist, says conversations at Jackson Hole may be more about the balance sheet than the Fed funds rate. Ken Simonson, NABE Survey Analyst & Associated General Contractors Chief Economist, reviews the NABE survey and notes that 91% of the respondents said tariffs are harmful to the economy. And Meenal Patel, JPMorgan Private Bank EMEA Head of FX, Commodities, and Rates, foresees a continuation of global growth.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Thanos Vamvakidis, Bank of America Merrill Lynch International Head of G10 FX Strategy, thinks the dollar is overvalued by about 10%. Tim Quinlan, Wells Fargo Securities Senior Economist, says conversations at Jackson Hole may be more about the balance sheet than the Fed funds rate. Ken Simonson, NABE Survey Analyst & Associated General Contractors Chief Economist, reviews the NABE survey and notes that 91% of the respondents said tariffs are harmful to the economy. And Meenal Patel, JPMorgan Private Bank EMEA Head of FX, Commodities, and Rates, foresees a continuation of global growth. 

2017 has been a big year for the construction industry, as the market has begun to pick up. This podcast will look to the future and identify trends about what to expect in the year ahead. Ken Simonson, chief economist, Associated General Contractors of America joins CONEXPO-CON/AGG Radio to discuss the construction market outlook for 2018, addressing trends related to labor availability, natural disasters, infrastructure funding, and emerging technologies.