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Where Did All The Wood Go?

Where Did All The Wood Go?

 
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. 

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Market Outlook Quarterly Q3 2020

Market Outlook Quarterly Q3 2020

  Vermeulens market reports are based on actual bid prices in the Institutional-Commercial-Industrial construction industry. Forecasts are based on leading indicators and historical comparative analysis.

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Vermeulens Insight Blogs

How Do You Price an Elephant?

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?

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What if this is the Recession?

The great moderation was a period of disinflation spanning three decades through the 1980s to 2000s characterized by successive lowering of inflation rates, financial sector deregulation, boom and bust financial cycles, and deep recessions. Since the financial crisis, the world and the United States, in particular, have implemented a financial sector regulatory framework that controls money supply growth through numerous stress tests and mechanisms.

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The Pitfalls of Dollar per Square Foot Estimating

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:

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Tariffs – An Overview

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.

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Where to Construct Amazon HQ2

HQ2 fever has economists in North America speculating more than high rollers at a Vegas casino. At the onset, major metropolitans on the East coast and even an Alaskan community, threw their hat in the ring to be considered for Amazon’s second headquarters.

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Mitigate Market Risk with Design Alternates

Are you in a busy market and maybe concerned that the trades are stretched too thin? Are you concerned this may result in a lack of competition and an undesirable number on bid day? You might want to consider a strategy that we refer to as “90%-105%”. We recommend this strategy in busy markets where you design the base building to 90% of your target budget then create add alternates that equate to 105% of the target.

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The Potential Impact of Tariff’s

The “unknown” and “fear of the unknown” are likely the biggest cost drivers in the short term as local steel and aluminum mills begin to understand how their costs or opportunity to increase costs may be affected by the 25% tariff on steel and the 10% tariff on aluminum imports comes into effect.

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Pre-Construction Cost Control

There is no denying that garnering a second opinion can be tremendously valuable. We employ this strategy when buying a new car or in considering multiple mortgage brokers to ensure we are getting the best pricing or interest rate.

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Market Outlook Quarterly

Market Outlook Quarterly - Q4 - 2019

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Market Outlook Quarterly - Q3 - 2019

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Market Outlook Quarterly - Q2 - 2019

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Market Outlook Quarterly - Q1 - 2019

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North America's Construction Economist
Boston  New York  Toronto  Dallas  Austin  San Antonio  Denver  Los Angeles
Disclaimer   Privacy Policy   AccessibilityU
Copyright 2017 Vermeulens® Vermeulens V Logo