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2007 Nonresidential Construction Market Forecast




Podcast: 2007/1/25 - 15:42

Presenters: Kermit Baker, Patrick Newport, and Robert McCarthy



Kermit Baker
Chief Economist
The American Institute of Architects

Kermit Baker is the Chief Economist for the American Institute of Architects in Washington, D.C. In this capacity, he analyzes business and construction trends in the U.S. economy and examines their impact on AIA members and the architectural profession. He originated the AIA’s “Work on the Boards” Survey, a monthly assessment of business conditions at architecture firms, as well as the AIA Consensus Construction Forecast Panel, and writes a regular economics column for the AIA member newspaper, AIArchitect.

Kermit also is the Project Director of the Remodeling Futures Program at the Joint Center for Housing Studies at Harvard University. This research effort is aimed at developing an improved understanding of the dynamics of the U.S. repair and renovation industry.

Prior to joining the AIA, Kermit was Vice President and Director of the Economics Department at Reed Business Information, where he was responsible for industry forecasting. During his ten years at Reed, he developed the Top U.S. Construction Markets Report, and served as editor of Reed Business Information’s Building and Construction Market Forecast newsletter.

Kermit received his Masters degree in Urban Planning from Harvard University and holds a Ph.D. from Massachusetts Institute of Technology in the same field. In 2002, Kermit was made an honorary member of the American Institute of Architects.

Robert P. McCarthy, CFA
Vice President and Research Analyst
Banc of America Securities LLC

Robert P. McCarthy is a vice president and a research analyst in the Equity Research Department at Banc of America Securities LLC, where he covers the Electrical Equipment/ Multi-Industry space. He joined the Company in May 2006.

Previously, McCarthy was a director and senior analyst covering Industrial Multi-Industry at CIBC World Markets from 2004 until 2006. Prior to CIBC, McCarthy was a research associate with the Aerospace/Defense and Electrical Equipment teams at
Morgan Stanley.

McCarthy, a Chartered Financial Analyst charterholder, is a member of the CFA Institute and the New York Society of Security Analysts. McCarthy holds a bachelor of arts degree in English Literature from Dartmouth College, a law degree from the Duke
University School of Law and a master of business administration degree with a concentration in finance from University of Pennsylvania’s Wharton School of Business.

Patrick J. Newport
Global Insight's Macroeconomic Service

Patrick Newport's tracks the investment and construction sectors for Global Insight's Macroeconomic Service. He also, manages Global Insight's long-term forecasts, and works on consulting projects.

Patrick joined Global Insight in July 1998. Prior to joining Global Insight, he worked as a research economist for Washington State's Department of Revenue. He later served as a senior economist for the Office of the Forecast Council of Washington State. Newport received his Ph.D. from Harvard University in 1993. He also holds a B.A. in Business Administration and an M.A. in economics from Louisiana State University.



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