Morris Beschloss: The Beschloss Perspective

2014: Off to a running start

Construction, manufacturing jobs on the rise.

Two simultaneous revelations right after the first of the year have magnified our predictions of industrial manufacturing and construction expansion, as the first quarter of 2014 gets off and running.


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Industrial construction to rise

Trend continues of renting or leasing homes.

In analyzing the 2014 industrial construction take-off quarter, we consulted industrial components expert Steve Letko regarding the geographical regions’ growth and the intensity of the product components comprising anticipated overall end-use growth.


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Residential construction on an upswing

Lack of skilled labor is an issue for many industries.

Although single-family housing starts have continued their comeback climb from under 100,000 annually in early 2009, they have significantly rebounded over that figure well into 2013. Much of the recovery on home sales has been concentrated on the reduction of over-extended existing home inventories.


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Commercial building loans on a roll

Solar energy projects also on the rise.

As mentioned in previous columns, commercial building loans and their supporting activity are edging toward pre-recession levels. As of mid-year 2013, U.S. banks had issued just short of one trillion dollars in commercial real-estate loans, up almost 4% from a year earlier, according to official sources.


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U.S. housing recovery continues

Previous residential boom will not be replicated.

With recent statistics noting “air pockets” in the post-recession, stuttering economic recovery, new doubts are being cast on the future of America’s housing comeback. On a year-to-year basis, the expansion of additional residential construction seems to have plodded ahead at a low double-digit rate with expectations of a forthcoming pickup, even if that rate is modest by previous standards.


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Commercial/industrial building on the rise

Auto industry comes roaring back.

 While much of America’s future economic dynamism has been riveted on the overdue upgrading of the nation’s infrastructure (pipelines, bridges, dams, railroads and highways), little has been heard lately regarding commercial and industrial construction. 


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Household net wealth at all-time high

Wealth gap between age groups causes concern.

It may not seem that way, when considering the relative snail’s pace of the general economic recovery, but America’s total household wealth topped $70.3 trillion by the end of 2013’s first quarter, according to the Federal Reserve Board. 


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Surge in cement use bodes well

Spending cutbacks could slow government projects.

 The nation’s residential, commercial and industrial construction markets can expect a major uplift, both in the immediate and longer-term future, according to the Portland Cement Association 


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5/28/15 2:00 pm EDT

Efficient Variable Speed Pump Selection & Control

This webinar will help to answer questions like: "How many pumps should our system use?" and "How should we sequence (stage) on additional pumps?"

Plumbing and Mechanical

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2015 April

In this month's issue of PM, check out articles about Sloan Valve, including a PM profile on Sloan Valve president and CEO Jim Allen

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