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DENVER, CO, APRIL 13 - Vermeulens market reports are based on actual selling prices in the Institutional – Commercial-Industrial construction industry. Forecasts are based on leading indicators and historical comparative analysis.
The end of quantitative easing has reduced financial asset prices. Monetary authorities are looking towards continued growth and productivity increases to substantiate and absorb the eased money supply. There is money to spend.
Non-Residential construction spending has rebounded nearly 47% from its bottom. 2015 yielded an overall volumegrowth of 21%.
CONSTRUCTION DOLLAR VOLUME is the number one driver of construction prices. As volumes increase and contractor bidding opportunities and backlogs grow, the margins included in a bid will grow.
Residential dollar volume has recovered and is currently 86% higher than its bottom in July 2011. Existing home inventories have remained at 5.2months. Eased credit conditions for first time buyers, low vacancy rates, long-term employment, and income growth will increase household formation.
Non-Residential construction spending has rebounded nearly 47% from its bottom. 2015 yielded a volume growth of 24%. Infrastructure spending continues to be stable. New fiscal policy will be an important driver in this sector.
Concern exists about the trend of the market moving sideways. The Dow is reacting to some of the current events that impact the construction industry. The slowdown in China, for example, raises issues about the impacts on the construction industry as a whole in this country. Economic challenges in Europe also play a big part in world trends.
When the GDP moves from 2.1 to 1.9 in the U.S, slowdowns occur. What we are seeing is a general unease tied in part to upcoming elections. For example, the idea of isolationism has profound implications for globalbusiness interests. We are in a global economy. The repercussions of political situations can be very serious on business operations.
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Architectural Resources Cambridge
"I understand that all of your MEP staff are either mechanical or electrical engineers and are therefore able to project what has not yet been drawn. In my opinion, this is one of the most valuable things you bring to the table."
- Architectural Resources Cambridge
"Consistently, we find that Vermeulens® has more enthusiasm and expertise than any other cost estimator with whom we've worked."
McGill University Health Centre
"Your involvement with the MUHC Project has created new standards in construction estimating in the Quebec Health Care System."
- McGill University Health Centre
"Your team's ability to address cost issues as they related to the ever-changing technology of healthcare is impressive."
- Partners (Healthcare)
"We enjoy pushing the envelope of design with you at our side to enable the team to deliver within a realistic budget."
Perkins + Will
"Vermeulens has been very supportive of the client's vision from the very inception of the work."
- Perkins + Will
The University of Chicago
"The accuracy of your estimate on our $200 million dollar (job) gave the University the confidence to test our project in the construction market. This strategy resulted in the University saving more than $10 million from the estimates provided by others. This is quite a return on the investment we made in your fee."
- The University of Chicago
Truex Cullins & Partners Architects
"Every bid project we've worked on with Vermeulens Cost Consultants, during the past twenty plus years, has come in within the prepared and accepted budget range."
- Truex Cullins & Partners Architects
"We need accurate estimates to manage an aggressive construction schedule with limited resources of time and money. I can safely state that our needs were met by Vermeulens®"
Virginia Performing Arts Foundation
"As we wrestled with the scope changes, value engineering, schedule issues, and funding questions you have never strayed from helping us to keep our eye on the bottom line."
- Virginia Performing Arts Foundation
"Our collaborations are marked by openness, a mutual respect of differing opinions, and a willingness to assimilate a complete picture based on the information regardless of the source."
- Walsh Brothers