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Tag Archives: materials prices

ON THE LEVEL: At Builder Breakfast webinar, AGC’s Simonson discusses what rising costs, supply shortages mean for industry

Ken Simonson, chief economist of the Associated General Contractors of America, speaks on Wednesday during The Daily Reporter's Builder Breakfast webinar on "The future of the construction supply chain." (Zoom image)

Speaking on Wednesday at a Daily Reporter Builder Breakfast webinar on “The future of the construction supply chain,” AGC of America Chief Economist Ken Simonson readily acknowledged that the main culprit in all of the supply chain pressure has been COVID-19. But there's more to it than that.

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Panelists at Daily Reporter’s Builder Breakfast discuss materials prices, supply shortages

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More than a year after the outbreak of the COVID-19 pandemic, the construction industry is faced with unprecedented supply chain disruptions even as the economy at large shows signs of climbing back to where it was before the coronavirus.

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Report: Construction costs likely to rise in Milwaukee next year

Crews work in April on the 25-story office tower BMO Harris Bank is having built in downtown Milwaukee across Wells Street from city hall. The high-rise is just one of many projects that have contributed to the city’s unprecedented building boom of recent years. Officials at Mortenson Construction recently released a report finding that demand for construction services is likely to remain strong in the Milwaukee area next year even as materials prices rise and economic recession becomes a real possibility. (Staff photo by Dan Shaw)

Although a steady backlog of work is expected to keep commercial contractors busy in Milwaukee next year, the city’s tight labor market could continue to drive up costs even as an economic slowdown looms, according to a recent report.

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