Construction Market Outlook Forum

Topics covered:

Strategic Planning When the Fed Hits Pause - How Vermeulens Charts a Course on Escalation Based on Previous Slowdowns
Insights on the Q3 Construction Market and Beyond - Vermeulens' Take on Escalation Patterns At the Turning Point
Residential Reset - How Interest Rates Shape the Future

Summary and slides ⟶

Design and Construction Market Outlook Forum

Ongoing increases raised interest rates to 5.25% in May along with continued quantitative tightening. This has caused a decrease in interest rate sensitive sectors such as residential construction.

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Design and Construction Market Outlook Forum

Still in a growing economy, GDP is up 5.3% since 2019. Construction jobs as well as overall jobs are growing, currently at an all-time high, however the rate of growth is declining.

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Rise in escalation rate in construction costs relate to the target of 2% annual inflation for consumer prices and the monetary policy used to achieve this goal
strong fiscal measures aided to counter

Design and Construction Market Outlook Forum

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What do increasing interest rates and inflation mean for construction?

Fiscal measures have played a significant role through the pandemic cycle.
With talk of recession looming, it is timely to look at the interplay of growth, fiscal, and monetary measures taken over the past 30 months.

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Are we in a Recession? Vermeulens Market Update

We are in a theoretical recession (based on two quarters of decline in GDP)

Summary and slides ⟶