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ConstructConnect Blog

ConstructConnect Blog

Alex Carrick

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
November 14th, 2019

October’s Starts Defied the Usual Seasonality ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $38.7 billion (green shaded box, Table 3 below),+6.5% versus September’s figure of $36.3 billion (originally reported as $34.7 billion). From September to October, there is usually a change of -4% in total nonresidential starts due to seasonality. October’s result was supported by $6 billion in mega project startups (i.e., 3 projects of more than $1 billion each), surpassing $2.3 billion of such work (from 2 projects) in September.

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
November 14th, 2019

The accompanying table records the top 10 project starts in the U.S. for October 2019.

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Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
November 14th, 2019

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

Blog Feature

Economic News | alex carrick

By: Alex Carrick
November 8th, 2019

Hiring in Canada took a pause in October according to the latest Labour Force Survey report from the nation’s chief statistics-gathering agency. Statistics Canada says that total employment in the tenth month of the year stayed almost the same (-2,000 jobs) as in September.

Blog Feature

Economic News | alex carrick

By: Alex Carrick
November 7th, 2019

In the latest month, total U.S. put-in-place construction spending, as measured by the Census Bureau, was -2.1% year to date (ytd ‒ i.e., Jan-Sept 2019 versus Jan-Sept 2018). As for the total’s two major sub-components, residential (with a 40% share) was in decline, at -7.9% ytd, while nonresidential (with a 60% share) was modestly ahead, +2.2% ytd.

Blog Feature

Economic News | alex carrick

By: Alex Carrick
November 1st, 2019

Revisions to Past Data Paint Better Picture The headline figure on U.S. net jobs creation in October, as recorded in the latest Bureau of Labor Statistics (BLS)’s Employment Situation report, was a rather tepid +128,000. But as has occurred on several other recent occasions, there were significant revisions to past data that brighten the picture considerably.