Today’s Construction Economy Report – Q2 2022

This quarter’s edition highlights the recent phenomenon impacting every industry and citizen in the nation–explosive inflation. Compounding already strained construction supply chains and skilled labor pools, inflationary pressures are challenging construction owners and contractors with difficult decisions. Still, the industry is upbeat; forecasts are for continued spending increases and job growth.

This edition makes an extra effort to highlight forecasts from industry leaders for the rest of 2022. Our focus continues to be on the primary drivers of selling price to owners.

Download our Q2 Construction Economy Report and get all the details from MOCA Construction Economist, Tom Sanders.

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Meet the Author

Tom Sanders, CCEA, CBA
Lead Economist

Tom Sanders is the lead economist for MOCA Systems, Inc., a leading owner’s representative firm providing program and project management services. Tom provides independent market analyses for military construction projects. He is a retired USAF Reserve Colonel with 30 years of service.

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Mr. McGlone performs program and project management responsibilities for a wide range of activities in the engineering and construction field.  With over 20 years of experience, specializing in Civil, Environmental, Cost and Value Engineering, Facility/Community Planning, Property Development, Budget Analysis, Contract Administration/Negotiation, Construction Management, Personnel Management, and Business Development.  Mr. McGlone currently manages the Project Controls/Cost Engineering Department for his current company, where he oversees preparation and provides quality assurance of cost estimates for over $8.0 billion in construction value annually for various federal and state government and commercial clients. He has developed facility requirements valued at over $1 Billion for various government and commercial clients through information gathering charettes and produces comprehensive documentation with concept reports, drawings, and cost estimates.  He has supervised project managers, engineers, architects, estimators, surveyors, draftsmen, and construction superintendents.