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Vermeulens’ market reports are based on bid prices in the Nonresidential Construction Industry. Forecasts are based on leading indicators and historical comparative analysis. Fed Watch
Fed Watch Q2 2023 – Another Growth Recession?
Forum Update with More Good News from the Federal Reserve
Last quarter we reviewed comments from the Fed Chair that he believed we are not heading for a recession. The “old normal” of booms and busts leads people to expect more to come. But the latest bust, due to the pandemic, did not come.
Richard Vermeulen provides insights into the movement and future spending projections in various sectors, highlighting the impact of mechanical and electric contractors on bid prices and recommending large bidding contingencies, while also discussing job creation, construction volume, and the shift in dollar volumes across different sectors, particularly noting the surge in non-residential construction, with a specific focus on office, commercial, educational, and manufacturing sectors, and raising the question of whether the rise in renewables is compensating for the decline in conventional spending in the Power sector.