Webinar

US Construction Outlook- Cost Increases & Labour Shortages

Date: Tuesday 26 September 2023
Time: Global Sessions (EMEA, APAC and Americas sessions. See exact timings in the note section below)

2023 has been a challenging time for the US construction market as input cost inflation and labour shortages weighed on activity levels. Despite the near-term challenges, the outlook remains positive. In this webinar Dr Nicholas Fearnley, Matthew Mercer, and Adrian Hart will discuss the outlook and key risks for construction activity in the US, and answer the following questions:

  • How does the outlook vary across states and metros?
  • When will residential construction activity rebound?
  • What do construction industry capacity constraints mean for the delivery of the IIJA?
  • What are the risks and implications of higher interest rates and construction costs?
  • What is our outlook for construction costs?

Note: Please note that we will be holding one webinar each for APAC (10am HKT), EMEA (10am BST), and Americas (11am & 4pm EDT) friendly time zones. Can’t make it to any of the sessions? Feel free to register for any session and we will automatically share the recording with you 3 hours after the webinar has finished.

Nicholas Fearnley

Head of Global Construction Forecasting

+61 2 8458 4262

Nicholas Fearnley

Head of Global Construction Forecasting

Sydney, Australia

Dr Nicholas Fearnley is the Head of Global Construction Forecasting, based in Sydney. Nicholas oversees the teams that produce the various construction, mining, and maintenance studies. He works over the full construction spectrum, and regularly presents and provides commentary for both the construction and mining industries.

Nicholas joined Oxford Economics in 2019 after working at Macromontor, where he was responsible for producing regular Australian building construction forecast reports, and bespoke cost escalation and material demand forecasts.

Prior to joining Macromonitor, Nicholas completed a PhD at the University of Sydney with a thesis titled: “A Critical and Quantitative Analysis of the Relationship between Informal Institutions and Economic Development.” He was awarded the Walter Noel Gillies Prize for best PhD thesis in Economics, and his thesis was accepted without edits.

Nicholas has undergraduate degrees in both Accounting and Applied Finance from Macquarie University, and a first class honours degree in Accounting from the University of Sydney with a thesis titled: “Culture and the Measurement Decision Offered by Investment Property”.

Adrian Hart

Head of Construction & Infrastructure Consulting, OE Australia

02 8458 4233

Adrian Hart

Head of Construction & Infrastructure Consulting, OE Australia

Sydney, Australia

Adrian has over 23 years of economic analysis and consulting experience with Oxford Economics Australia, focusing on the infrastructure, building, maintenance and mining industries. Adrian has undertaken a wide range of consultancy projects for the public and private sector based on his detailed understanding of construction, mining and maintenance markets, their drivers and outlooks, the range of organisations operating in this space and the issues they face.

This work includes deeper industry liaison, contractor and competitive analysis, pipeline analysis, demand and cost escalation forecasting, and industry capacity and capability projects for the public and private sector. He is the lead author of major reports but also undertakes briefings and workshops for senior management, board members and industry associations, leads in-depth stakeholder consultation, and facilitates and chairs roundtables between government and industry.

Matthew Mercer

Economist

Private: Matthew Mercer

Economist

London, United Kingdom

Matthew first joined Oxford Economics in 2020 as a placement student, before returning to the company in 2022 as a graduate after completing his Economics and Management degree at Loughborough University.

Matthew is the Economist responsible for the forecasting of the construction industry in our Global Industry Service (GIS), as well as working on the development of our Global Industry Model and construction forecasting process. He forecasts construction in 77 countries, split into the three major subsectors of residential, non-residential and civil engineering. He has also worked on a variety of bespoke research projects and recurring forecasting projects for clients operating in the construction sector.

Matthew also contributes to the Global Construction Service with his work on the United States Put-In-Place construction forecasts.

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