Friday, September 16, 2005

What does it all mean?

According to a special Hurricane Katrina report from Reed Construction Data detailing the implications for the construction industry as a whole, the disaster will impact three main areas the hardest: 1) the change in construction activity in the hurricane-impacted area. In other words, activity will increase there. Will it decrease elsewhere? 2) price fluctuations in the national market due to materials going to the Gulf Coast. Lumber, roofing, drywall, cement, stone and other commodities will increase in price. 3) The overall changes in the national economic picture that in turn, will impact the construction industry. This includes interruption in oil and gas production, barge shipping, retail prices rising and other factors. We may not know the cumulative economic fallout for some time. Your comment?