Today’s Construction Economy Report – Q4 2022

This quarter’s edition highlights the persistently high inflation and its continued impact on construction pricing. An old Wall Street maxim states that the best cure for inflation is high prices, and that is bearing out in some corners of the construction economy as owners are beginning to balk. Materials prices are easing, but labor availability and wages are prevailing issues and have become the biggest concern among contractors.

Download our Q4 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.