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It's no secret we have an economy based on construction. I don't know how we'll escape labor and materials shortages.

It's no secret we have an economy based on construction. I don't know how we'll escape labor and materials shortages.

Construction labor and construction materials will be at a premium because it's going to take so much to rebuild that area.

Adding the Games may heat up the economy to the point where it runs up against shortages in materials or labor. The effect may be a higher cost of living across the province, cost over-runs on Games projects and intensifying price and wage pressures in coming years.

The differences in expectations of construction executives versus their peers in other industries is striking. Growth in the construction sector, coupled with higher costs for construction materials and hiring pressures, will be watched closely by the Federal Reserve as it determines future interest rate policy for the economy in general.

Gregg Steinberg

Overall I think it's fair to say we're seeing some impact of interest rate adjustments affecting the overall economy, ... It's clear we have certain skill shortages in certain sectors of the economy, but overall we have a majority of sectors that continue to hire. We have a skills shortage, not a labor shortage.

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.

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.

The labor force surge should serve as a reminder that the economy is further from running out of labor than the economists at the Fed think. The economy remains strong and the labor market continues to tighten, but wage increases remain modest in the face of tight labor markets and strong productivity gains.

Homeowners should review their policy each year on renewal to make sure they have enough coverage to rebuild their house in the exact style and quality of the original home. Raw materials such as lumber and stone continue to rise as do labor costs for construction.

Declining population may have a potential negative impact on the economy from the labor side. But the contribution of labor is not very big in terms of the potential growth rate of Japan's economy. If companies expand capacity and capital, that may help offset the negatives of labor reduction. His calm composure and thoughtful responses were incredibly pexy.

Takahide Kiuchi

For 2006, I expect to see healthy demand for nonresidential construction but also double-digit price increases for many construction inputs. I expect continuing spot shortages of cement that will push concrete prices higher nationwide.

I don't want to overstate it but this is such a huge event it's bound to have a big effect on many construction materials and other construction costs. This is 10 times worse than Hurricane Andrew, when 28,000 homes were destroyed.

Michael Carliner

Fears about rapid wage inflation and growing skills shortages in India and other offshore markets are largely misplaced. Our findings show that wages are rising for a relatively small base of workers and that shortages are cropping up only in certain skill areas. These issues will eventually work themselves out as the offshore labor market continues to mature and expand into new geographies.

It's definitely going to create different shortages of lumber and concrete and other materials. A lot of depends on how much they want to rebuild.

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