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Richard Vermeulen
May 12, 2022

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. After many months of stimulus, it seems that rapid removal of that stimulus will be required to halt the opposite effect of price spirals and excess demand. This has brought the anticipated timelines of an end to stimulus forward by many months.

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?
Designed to boost domestic production and as part of an economic strategy of “putting America first” President Trump announced on March 1, 2018, his intention to impose a 25% tariff on steel and a 10% tariff on aluminum imports.

The most common theme is a project budget that is set inaccurately by trying to use dollar per square foot ($/sf) estimates and benchmarks. We understand there needs to be a starting point, but is there a better way?  I will give you the conclusion right up front:

Construction Economists