Ken Simonson
Ken Simonson
damage extent happens jobs machines manpower recovery road seen until
Historically, recovery from catastrophes happens very rapidly, but I don't think we've ever seen road damage to the extent we have seen here. I would think they would find the machines and manpower to do road repairs because you can't get to the other jobs until you have access.
center climbed commercial grew growth hospital nearly office segments several shopping swelling warehouse
On a two-month basis, there were several segments that showed exceptional growth. Shopping center construction leaped 61%, after swelling nearly 40% in 2005 and 25% in 2004. Hospital construction grew 22%, while manufacturing and commercial warehouse construction climbed 20%. The previously lackluster office segment was up 18%.
doubt
I doubt you'll feel it (rising costs) much,
areas cement certain demand expansion further growing ran short supplies
In 2005, we had 32 areas (of the country) that ran short of cement at certain times of the year. With the demand for cement growing in 2006 and very little expansion of production, I think further supplies are limited.
capital computers finance highest reported services
The finance and services sectors reported the highest expectations for capital spending, especially on computers and communications equipment.
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.
assume higher pass
You can't assume contractors will automatically pass on higher costs.