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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
September 29th, 2020

There’s a two-sided nature to exchange rate stories that make them particularly interesting. If the currency of Nation A is strengthening relative to the currency of Nation B, then there is an equal and opposite weakening of the currency of Nation B relative to the currency of Nation A.

Blog Feature

Economic News

By: Alex Carrick
September 17th, 2020

Texas the Leader, but Accolades for Missouri and Indiana According to ConstructConnect, U.S. nonresidential (NR) construction starts year to date in 2020 have been -26.9% compared with January-August of last year. Table 1 ranks the Top 20 states by their NR construction dollar volumes.

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Blog Feature

Economic News | Industry Snapshot

By: Alex Carrick
September 14th, 2020

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

Blog Feature

Economic News | Industry Snapshot

By: Alex Carrick
September 14th, 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
September 14th, 2020

Last Year’s August Teemed with Mega Projects ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $31.4 billion (green shaded box, Table 4 below), a little better than flat (+1.2%) versus July’s figure of $31.0, originally reported as $28.6 billion. The sizable positive revision to the previous month’s number was due to about evenly spread increases in warehouse, bridge, power, and marine work.

Blog Feature

Economic News

By: Alex Carrick
September 9th, 2020

PIP Stats Ride in the Wake of ‘Starts’ From an overview perspective, the Census Bureau’s put-in-place (PIP) capital spending statistics are providing a misleading picture of what is happening in the construction marketplace. They are too buoyant.

Blog Feature

Economic News

By: Alex Carrick
September 3rd, 2020

High Tech Stocks Ride to the Rescue Table 1 below shows several of the key metrics for four major U.S. and Canadian stock market indices. In August, two of the four indices managed to soar to new all-time highs, the S&P 500 and NASDAQ. Furthermore, they reached those summits during trading on the final day of the month, indicating that further upward movement might be expected in early September at least.

Blog Feature

Economic News

By: Alex Carrick
August 26th, 2020

Gasoline and Apparel at Opposite Ends of Elasticity Equation An interesting sidebar to the coronavirus story has been seeing how elastic prices are to dramatic shifts in retail sales and other high-profile categories of economic activity (e.g., in the travel sector). Wider than usual percentage changes have made relationships more apparent.

Blog Feature

Economic News | COVID-19

By: Alex Carrick
July 23rd, 2020

Table 1 sets out latest (June 2020) construction-related cost items from the Producer Price Index (PPI) data set published by the Bureau of Labor Statistics (BLS).

Blog Feature

Economic News | Industry Snapshot

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).