How Commercial Office Space Vacancies are Affecting Tax Revenues

We all thought putting masks on for a few weeks would be a temporary blip, and that the scourge of Covid-19 would simply go away. Well, as we all know, it cut much deeper into the very fabric of our economy, affecting us in so many ways. First, PPP money and personal stimulus initiatives from the U.S. government fueled inflation…

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Our Industry Needs to Recommit to Blunting the Lumber Threat

By Pierre G. Villere I can tell you that of all the things I have aspired to in life, being a lumber dealer has never been one of them. Goodness, the fluctuations in prices is far worse than dispensing gasoline at a convenience store, and now thousands of lumber dealers have seen their standing inventory significantly devalued because of the…

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The Latest on Construction Industry Employment

by Pierre G. Villere Among the most frustrating aspects of life as we went through the pandemic, and which haunts us still today, is the employment picture. There is no minimizing the magnitude of the human tragedy, with an official tally of over 5.2 million hospital admissions and a stunning 1.04 million deaths; the sheer human loss is unspeakable.  But…

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The Sentiment Conundrum

Okay, class, what have you learned from my years of teaching and lecturing around our industry about sentiment? That’s right: sentiment is self-fulfilling. It is remarkably interesting to watch what has occurred since March, when inflation continued to be reported as being stubbornly persistent, and the Fed, like me, changed their view that the rise in prices was not transient…

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Concrete Prices Demonstrate Stability

The sticker shock Americans are exhibiting in supermarkets, gas stations, and retail establishments is resounding throughout our economy, at a pace faster than I would have expected. The rampant inflation caused by the global supply/demand imbalance and related supply chain issues has ignited inflation from near zero to levels not seen since the 1980s. So with few options, the Fed…

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Economic Trends That Signal a Strong Construction Economy Ahead

by Pierre G. Villere I want to expand on my thinking in last month’s column, and start by dispelling what I am being asked about often these days: Will the construction economy stay strong? The answer is a resounding yes, and it will not experience a slowdown anytime soon. So there. There are too many positive indicators that signal a…

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Making a Case for Reduced Inflation

by Pierre G. Villere We like to read the in-depth research on a wide range of topics that can affect the economic health of our industry, since it is our firm’s primary specialty. In the years I have been at the helm, I find the reports published by the global banks to be informative, and usually spot-on. They have large…

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A Look at the Pressures on Our Booming Economy

As a firm, we bristle with optimism. Yes, sometimes it gets tempered when things aren’t going so well in our industry or the economy as a whole, but those setbacks tend to be short-lived. Of course, we missed the timing on what turned out to be a painfully long Great Recession, which will go down in the history books as…

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