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Alex Carrick

Blog Feature

Economic News | Industry Snapshot | Alex Carrick

By: Alex Carrick
July 9th, 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 | Alex Carrick

By: Alex Carrick
July 9th, 2020

ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $37.6 billion (green shaded box, Table 4 below), an increase of 10.5% versus May’s figure of $34.1 billion (originally reported as $32.1 billion).

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Blog Feature

Economic News | Industry Snapshot | Alex Carrick

By: Alex Carrick
July 9th, 2020

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

Blog Feature

Economic News | Alex Carrick | COVID-19

By: Alex Carrick
July 6th, 2020

U.S. put-in-place construction spending, during the coronavirus health crisis, has benefitted from the carryover of work begun last year. 2019 construction starts included an inordinately large number of mega projects valued at $1 billion or more each. There were 35 such projects last year, with a summed value near $80 billion, or 15% of nonresidential groundbreakings.

Blog Feature

Economic News | Alex Carrick | COVID-19

By: Alex Carrick
July 2nd, 2020

With today’s June Employment Situation report from the Bureau of Labor Statistics (BLS), the U.S. economy has now clawed back 29% of the total number of jobs lost in March and April, when shelter-at-home directives were first enacted to deal with the coronavirus outbreak.

Blog Feature

Economic News | Alex Carrick | COVID-19

By: Alex Carrick
June 30th, 2020

As with most things pandemic-related, it’s hard to know where the cost of construction will land six months, or a year, or two years from now. Set out below are 10 ways in which costing in the sector is likely to be impacted in the period ahead.