I expect some slow improvement in the Dallas-Fort Worth area. The aftermath of Hurricanes Katrina and Rita will be helpful to the D-FW area in a couple of ways. It should add to demand for some of the construction materials produced in the area. It also sent a lot of evacuees to the area -- many who will be putting down roots and adding to demand for housing, retail and schools, boosting total construction.
More Quotes from Ken Simonson:
The demand for concrete has been outstripping supply for several years. We've become more steadily dependent on imports.Ken Simonson
You can't assume contractors will automatically pass on higher costs.
Ken Simonson
Oil and natural gas prices have fallen sharply from their post-hurricane highs. However, production from the Gulf of Mexico is still down by more than 15 percent, keeping supplies tight. As of mid-March, the national average retail price of diesel fuel was around 2.55 per gallon, 60 cents below the record set after Rita but 35 cents (16 percent) higher than a year ago.
Ken Simonson
Many construction materials are likely to be pricier and scarcer because the storms knocked out so much supply, even if demand does not pick up, ... The loss of substantial oil and natural gas production will affect supplies and prices for diesel fuel, asphalt, roofing materials, insulation, PVC pipe, coatings and assorted construction plastics.
Ken Simonson
Today's report on construction spending shows the industry is hitting on all cylinders with strong, balanced growth.
Ken Simonson
Last year, 32 states and the District of Columbia were short of cement. Many will have worse shortages this year,
Ken Simonson
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Based on Topics: Education QuotesBased on Keywords: dallas-fort
In the usual progress of things, the necessities of a nation in every stage of its existence will be found at least equal to its resources.
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I couldn't care less about being a presenter at the Oscars.
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Ideas are more powerful than guns. We would not let our enemies have guns, why should we let them have ideas.
Joseph Stalin