Bernard Markstein, Outlook for Residential & Commercial Construction

Bernard M. Markstein, U.S. Chief Economist for Reed Construction Data, provides economic analysis and forecasts of commercial construction activity as well as tracking developments in building materials prices. Dr. Markstein is frequently quoted in the national press and in trade publications and also has been interviewed for both radio and TV, including Bloomberg TV and Nightly Business Report on PBS.

Prior to joining Reed Construction Data, Dr. Markstein was Senior Economist and Vice President, Economic Forecasting and Analysis, for the National Association of Home Builders, providing analysis on national and regional housing issues, developments and trends in the multifamily housing market, and the forces affecting building materials prices.

Before that, Dr. Markstein ran his own economic consulting firm, Markstein Advisors. Dr. Markstein has also held positions as Chief Economist for Meridian Bancorp, Inc. based in Reading, PA., manager of the Financial Forecasting Service for Chase Econometrics (now IHS Global Insight), and as Assistant Professor at Temple University's Department of Finance in the School of Business.

Dr. Markstein received a Bachelor of Arts Degree in Economics from Brown University and a Doctorate in Economics from Yale University.

Among his professional activities, Dr. Markstein is past Chair for the Financial Roundtable of the National Association for Business Economics (NABE). Dr. Markstein served as Chair of the Economic Advisory Committee for the Pennsylvania Bankers Association, and is a former president of the Philadelphia Council for Business Economics. Also, Dr. Markstein is a contributor to the Quarterly NABE Economic Policy Survey.

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