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ConstructConnect Blog

Alex Carrick

Blog Feature

Economic News | alex carrick

By: Alex Carrick
February 5th, 2020

Total U.S. Construction Spending Stayed Stuck at $1.3 Trillion in 2019 As the sum of its monthly not seasonally adjusted (NSA) figures, the Census Bureau has calculated that total U.S. put-in-place construction in 2019 was $1.303 trillion. The total dollar volume last year was -0.3%, or flat, compared with 2018. (2018 had been +3.3% relative to 2017.)

Blog Feature

Economic News | alex carrick

By: Alex Carrick
February 3rd, 2020

What’s the Fascination with Stock Markets? There are publicly-traded companies engaged directly in the construction industry, and others with close ties to the construction sector, that have obvious reasons to be interested in how stock markets are performing. As just one example, executives of such firms may have compensation packages that rise commensurate with increases in their companies’ share prices.

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Blog Feature

Economic News | alex carrick

By: Alex Carrick
January 30th, 2020

Year-end city housing starts statistics for 2019 recently became available from Canada Mortgage and Housing Corporation (CMHC). For the six largest cities in Canada, by population, this article will examine how last year’s results compared with other years, previous peaks and long-term averages. It will also look at the singles-versus-multiples mix.

Blog Feature

Economic News | alex carrick

By: Alex Carrick
January 16th, 2020

The following are economic ‘nuggets’ gleaned from the latest public and private sector data releases.

Blog Feature

Economic News | alex carrick

By: Alex Carrick
January 10th, 2020

A Dampening of Euphoria May Be Warranted Euphoria concerning the U.S. economy, as demonstrated by record-setting stock market indices, won’t be dampened much by the just-released and somewhat tame Employment Situation report from the Bureau of Labor Statistics. The total number of American jobs in December rose by a lukewarm +145,000. Also, November’s jobs total was revised downwards slightly, by -14,000.

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
January 10th, 2020

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