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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
October 27th, 2020

U.S. Housing Starts Surprisingly Buoyant Year to Date One of the true economic surprises of the pandemic is how little sway it has been holding over housing starts.

Blog Feature

Economic News

By: Alex Carrick
October 23rd, 2020

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
October 21st, 2020

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

Blog Feature

Economic News

By: Alex Carrick
October 16th, 2020

Canada’s Jobs Claw-Back Ratio Above Three-Quarters In September, the U.S. economy experienced a fourth month of slowing jobs increase. In other words, new jobs creation decelerated. North of the border, according to Statistics Canada, there was an improvement in hiring (or rehiring) in the latest month, versus the period before (+378,000 compared with +246,000), bringing a little more excitement to the recovery party (Graph 1).

Blog Feature

Economic News

By: Alex Carrick
October 15th, 2020

The Presidential election is less than three weeks away and it will be hard to focus on much else between now and November 3rd. Just the same, proper attention needs to be paid to all the other happenings that are proceeding just off center stage. Some incredible statistical results are being racked up in the latest data releases from public and private bodies and the highlights are summarized in the next 13 bullet points.

Blog Feature

Economic News | Industry Snapshot

By: Alex Carrick
October 13th, 2020

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

Blog Feature

Economic News | Industry Snapshot

By: Alex Carrick
October 13th, 2020

The accompanying table records the top 10 project starts in the U.S. for September 2020.

Blog Feature

Economic News | Industry Snapshot

By: Alex Carrick
October 13th, 2020

September 2020 Was Just Plain Weak ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $24.3 billion (green shaded box, Table 4 below), a drop of one quarter (-24.8%) versus August's figure of $32.4 billion.

Blog Feature

Economic News

By: Alex Carrick
October 7th, 2020

U.S. GDP Bounce Back After a change of -5.0% annualized in ‘real’ (inflation-adjusted) gross domestic product (GDP) in Q1 of this year, the U.S. economy plummeted -32.9% in Q2. Annualizing the number essentially means compounding the quarter-to-quarter change to obtain a yearly rate. (The result is usually close to multiplying by four.) The quarter-to-quarter change in Q2 was about -9.0%.

Blog Feature

Economic News

By: Alex Carrick
October 2nd, 2020

A Deceleration in Jobs Increases The total number of U.S. jobs in September, according to the latest Employment Situation report from the Bureau of Labor Statistics (BLS), rose by +661,000. An increase of nearly two-thirds of a million, on first blush, sounds wonderful. But it needs to be placed in perspective.

     
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