Image
Wael Yaeesh
November 14, 2022

You’ve probably heard the expression “fiscal measures” used repeatedly on the news lately. But what is it and how does it affect our industry? Simply put, a fiscal measure is when the government spends money and implements tax policies with the purpose of influencing economic conditions. Fiscal measures have played a significant role through the pandemic cycle. With talk of a looming recession, it is time to look at the interplay of growth, fiscal, and monetary measures that have taken over the past 30 months.

This information was originally presented at our June 2021 forum and is relevant today with the ongoing increase in interest rates. In this report we explain the history of the Federal Reserve, the new strategy for implementing monetary policy, and compare previous projections for construction costs to current bid prices.
The Federal Reserve continues to manage through the current turning point in its history. The unprecedented monetary and fiscal stimulus injected into the economy at the onset of the pandemic has had a rapid effect on financial markets, successfully preventing a sudden recession and hardship in the economy.
The Federal Reserve has reached another turning point in its history. The unprecedented monetary and fiscal stimulus injected into the economy at the onset of the pandemic has had a rapid effect on financial markets, successfully preventing a sudden recession and hardship in the economy.
The unprecedented monetary and fiscal stimulus injected into the economy at the onset of the pandemic has had a rapid effect on financial markets, successfully preventing a sudden recession and hardship in the economy.
If you're a Heating Ventilation and Air Conditioning engineer, you probably know a lot about Delta Ts, air contaminant concentrations, and so on. However, you might not know a whole lot about paleoclimatology.
If you're a Heating Ventilation and Air Conditioning engineer, you probably know a lot about Delta Ts, air contaminant concentrations, and so on. However, you might not know a whole lot about paleoclimatology.
The technology in these forms not only provides higher R-value but also achieves a better living environment due to thermal comfort achieved by maintaining a continuous and consistent interior temperature. They can also provide greater building strength, while simultaneously reducing construction time and cost.
Like the overall economy over the past year, the construction market has been in a state of flux. We thought it would be helpful to provide a quick market update prior to the release of our Q1 2021 Market Outlook report, which will be issued in the upcoming months.
As most of you have heard, lumber prices have increased a dramatic 100% year over year. Do you remember the toilet paper shortage? Well, this was the beginning of our lumber market surge.
As construction economists, we encounter our share of elephants: a high-tech mechanical system, complex façade geometry, adjusting costs for a pandemic, etc. But, what do you do when a client asks you to price a building that resembles an elephant?

Construction Economists