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Alex Carrick

Alex Carrick is Chief Economist for ConstructConnect. He has delivered presentations throughout North America on the U.S., Canadian and world construction outlooks. Mr. Carrick has been with the company since 1985.

Blog Feature

Economic News

By: Alex Carrick
June 17th, 2021

The most accessible single-source resource on construction material price movements is the Producer Price Index data set from the Bureau of Labor Statistics. The PPI series monitors prices charged by producers as they exit through factory gates.

Blog Feature

Economic News

By: Alex Carrick
June 16th, 2021

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs.

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Blog Feature

Economic News

By: Alex Carrick
June 15th, 2021

According to a monthly survey carried out for the Conference Board and The Business Council, CEO confidence is currently the highest it has ever been or at least dating back to when attempts to measure it began in 1976. But expectations of exceptional growth prospects are being tempered by limitations arising from: (a) shutdowns necessitated by critical parts shortages; (b) rapidly climbing commodity and other input price increases; (c) difficulty in recruiting qualified workers to fill manpower requirements; and (d) bottlenecks in transportation delivery systems.

Blog Feature

Economic News | Industry Snapshot

By: Alex Carrick
June 14th, 2021

Nonresidential Construction Pales Beside Residential ConstructConnect announced today that May 2021’s volume of construction starts, excluding residential work, was $32.5 billion (green shaded box, Table 8 below), a decline of -2.0% versus April 2021’s $33.2 billion (originally reported as $31.5 billion).

Blog Feature

Economic News | Industry Snapshot

By: Alex Carrick
June 14th, 2021

The accompanying table records the top 10 project starts in the U.S. for May 2021.

Blog Feature

Economic News | Industry Snapshot

By: Alex Carrick
June 14th, 2021

Clichés are often true and it is the case that a picture can be worth a thousand words.

Blog Feature

Economic News

By: Alex Carrick
June 9th, 2021

Canada’s Labor Market Hopes on Hold In May, for the second month in a row, total employment in Canada retreated instead of stepping forward, putting a hold on hopes for an improving labor market. The latest month-to-month decline in total jobs was -68,000, coming on the heels of April’s setback of -207,000 jobs.

Blog Feature

Economic News

By: Alex Carrick
June 7th, 2021

North America’s major stock market indices generally ended May in fine fashion, but there were some changes in month-to-month performances that perhaps hold important significance for future construction activity.

Blog Feature

Economic News

By: Alex Carrick
June 4th, 2021

Big Grin Greets Big Pickup in Youth Employment In any pre-pandemic month, May’s U.S. total jobs count gain of +559,000 would have registered as outstanding. And I don’t want to belittle the achievement, especially since it soundly beats the previous month’s figure of +278,000.

Blog Feature

Economic News

By: Alex Carrick
June 3rd, 2021

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs.