Economist predicts tumultuous year for construction
Nonresidential construction faces a wide variance in demand, materials cost and labor availability, according to the Construction Inflation Alert released by the Associated General Contractors of America.
AGC Chief Economist Ken Simonson said some growth is expected in segments such as power and energy, but other segments, such as lodging, “will slow or decline.”
“Diesel, copper and steel are among materials costs likely to accelerate, while others remain benign,” Simonson said.
In addition, the increase in diesel fuel prices –