NASCLA Webinars are complimentary to NASCLA Members as an association benefit. Webinars are recorded and available for NASCLA members. Non-members may participate in NASCLA webinars for a $35 fee.

Construction Industry Economic Forecast: Residential and Commercial Sector Outlook with a Better Understanding of COVID-19

Wednesday, April 28th at 9:00 AM Pacific Time (PT)/Arizona Time, 10:00 AM Mountain Time (MT), 11:00 AM Central Time (CT) and 12:00 PM Eastern Time (ET).

Presented by: Karl Eckhart, Vice President of Intergovernmental Affairs, National Association of Home Builders (NAHB), and Ken Simonson, Chief Economist, The Associated General Contractors of America (AGC)

Karl Eckhart	Ken Simonson
About the Speaker	About the Speaker

After working with local, state, and federal officials to maintain construction as an essential part of the coronavirus-stricken economy in 2020 – 2021, a new year brings new challenges. Home building lumber prices are at an all-time high, the price of production continues to lag behind demand – adding tens of thousands of dollars to new home and remodeling costs. Workforce availability is another factor adding to cost increases and extended delivery times. However, there have been some upsides – local governments have increased the use of technology in home inspection and mortgage processes. The focus for 2021 is to ensure housing affordability is a top priority for both the regulatory government and the building industry. Karl Eckhart will provide an update on the current state of the home building sector and provide his predictions for the future.

The commercial construction industry is currently facing many challenges. While a few categories such as warehouses, data centers and structure remodeling are doing well, most others are on pause or in decline. In addition, soaring material costs and delivery times are making it hard for any contractor to complete projects on budget and on time. Ken Simonson will describe the current situation and offer his predictions for how it will evolve.

Webinar Agenda:

9:00 AM –  Linda Turnage NASCLA Business Development – Opening Remarks
9:05 AM –  Hannah Mount NASCLA Program & Marketing Coordinator – What’s Going on at NASCLA
9:10 AM –  Linda Turnage – Speaker Introductions
9:15 AM –  Ken Simonson – Update on current state of commercial construction industry
9:35 AM –  Karl Eckhart – Update on current state of home building sector and future predictions
9:55 AM –  Hannah Mount – Moderate Q&A
10:00 AM – Event Ends

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