Ken Simonson
Ken Simonson
engine firing
The construction engine was firing on all cylinders.
categories highways leading percent private shopping
The leading categories have been multi-retail (general merchandise, shopping centers, and shopping malls), up 25 percent year-to-date; manufacturing construction, 23 percent; private multifamily, 21 percent; hospitals, 13 percent; private single-family, 12 percent; and highways and streets, 11 percent.
impact
I think the impact is going to be nationwide for construction.
consumer costs materials period prolonged rapidly rise
I think we're in for a prolonged period in which construction materials costs are going to rise more rapidly than consumer costs.
cement concrete continuing demand expect healthy higher increases price prices push spot
For 2006, I expect to see healthy demand for nonresidential construction but also double-digit price increases for many construction inputs. I expect continuing spot shortages of cement that will push concrete prices higher nationwide.
success
It showed a little more success than I had expected.
eerie leave roof uncovered
It's an eerie challenge. You don't want to leave the roof uncovered in a place like that.
again cement certainly certainty fully heading likely material near prices severe spike until
I think it's likely that prices will spike again and I think it's near certainty there will be some material shortages, ... Our cement shortages will certainly get worse. We're heading for severe shortages of cement at least until those ports are fully operational.