This seminar begins with a macroeconomic overview of how the US economy is likely to perform in 2020, to gain better insight into how overall construction activity will perform during the coming year. To that end, Eisenberg will discuss how US GDP is likely to perform and the possible timing, and severity of the next recession by carefully examining household consumption, corporate investment, government spending and net exports.
Eisenberg will then offer a detailed discussion of the employment situation, wage growth, household formation, population growth, immigration, auto sales, consumer and small business confidence, corporate profits, inflation and the likely path of interest rates in the coming year as these variables strongly influence the demand for architectural services.
Eisenberg will then focus on construction activity including residential, commercial, industrial and public by examining trends as well as leading and coincident economic indicators of such activity and discuss the likely path forward. Eisenberg will also look at sale prices by region and property type, capitalization rates, the severity of the labor shortage, demographics and more. He will close by looking at current and future economic conditions across all 50 states.read less