Ken Simonson
Ken Simonson
equipment expensive harder kinds rubber steel
Rubber for construction equipment tires, (Sheetrock) and some kinds of steel may also be harder to find or more expensive because of the storms.
costs fuel growth highway materials
Fast-rising materials and fuel costs have exaggerated the growth in some of these categories, especially highway construction.
building capacity cement leveled plenty production
There's plenty of cement worldwide, but in the U.S., cement production capacity has leveled off and no one is building more plants.
break check houses sell signed throw wait
They used to throw up houses and try to sell them. Now, they wait for a signed check before they break ground.
gains marks turn
This marks a real turn around for non-residential construction. I think we will see more real gains in 2005.
average below cents diesel fallen fuel gas gulf higher keeping mexico national natural oil per prices production record retail rita supplies year
Oil and natural gas prices have fallen sharply from their post-hurricane highs. However, production from the Gulf of Mexico is still down by more than 15 percent, keeping supplies tight. As of mid-March, the national average retail price of diesel fuel was around $2.55 per gallon, 60 cents below the record set after Rita but 35 cents (16 percent) higher than a year ago.
capacity expanding growing meet problem spot
Availability is going to be even more of a problem in 2006 than it was in 2005. In 2005 you had spot shortages. In 2006, nonresidential construction is growing and capacity is not expanding to meet those needs.
areas cement certain demand expansion further growing ran short supplies
In 2005, we had 32 areas (of the country) that ran short of cement at certain times of the year. With the demand for cement growing in 2006 and very little expansion of production, I think further supplies are limited.
doubt
I doubt you'll feel it (rising costs) much,
november october revised september spending
Construction spending in November outpaced even the upwardly revised October and September totals.
center climbed commercial grew growth hospital nearly office segments several shopping swelling warehouse
On a two-month basis, there were several segments that showed exceptional growth. Shopping center construction leaped 61%, after swelling nearly 40% in 2005 and 25% in 2004. Hospital construction grew 22%, while manufacturing and commercial warehouse construction climbed 20%. The previously lackluster office segment was up 18%.
among case categories comparing december grew growth increased major private public rose
As was the case for most of the year, growth was well distributed among the major construction segments. Comparing December 2005 to December 2004, public construction grew 10%, private residential construction rose 9.0%, and private nonresidential was up 6.0%. For the year, those categories increased 8.0%, 11%, and 5.0%, respectively.
assume higher pass
You can't assume contractors will automatically pass on higher costs.
capital computers finance highest reported services
The finance and services sectors reported the highest expectations for capital spending, especially on computers and communications equipment.