In January, Canada managed an excellent beginning to the new year on the jobs front. According to Statistics Canada’s Labour Force Survey report for the first month of 2019, the net employment climb was +67,000. The unemployment rate worsened slightly, however, to 5.8% from 5.6% in December, as more individuals entered the labour force. The […]

Despite strong economic growth, total construction starts in the US fell by 5.0% in 2018 to reach $744 billion. Residential construction starts experienced the steepest decline, by 9.5%, dragged down by a 26.7% contraction in new multi-family units. Nonresidential building starts fell by 7.1%, but a number of large projects in 2017 fell out of […]

In the U.S., there are 51 metropolitan statistics areas with populations of 1 million or more each. The 2017 and 2018 values of construction ‘starts’ in those 51 cities are set out in accompanying Tables 1 and 2. Table 1 ranks the cities according to 2018 dollar-volume levels; Table 2 ranks them by 2018-versus-2017 percentage […]

In light of last week’s polar vortex in the US, worker safety concerns have come to the forefront. In the construction industry, where deadlines are strict and the demand is high, extreme weather conditions may not phase some project managers. While working in the -70ºF temperatures that swept parts of the Midwest last week is […]

Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of January 28 – February 1, 2019. Our Hot Projects showcases three currently bidding or sub-bidding projects from all 50 states and the District of Columbia pulled from our extensive database of construction leads. Alabama Gorgas Library Core Support Elevator Package Location: Tuscaloosa, AL […]

On Wednesday of this week, January 30th, the Federal Reserve chose not to increase its policy-setting interest rate, the federal funds rate. It remains in a range of 2.25% to 2.50%. The Fed was persuaded to stay neutral by uncertainty about economic prospects due to: (1) the knock-on effects of the partial government shutdown, which […]

After being delayed a month due to the recent government shutdown, the U.S. Census Bureau just released the latest construction spending numbers for November 2018. Construction spending rose 0.8% in November to a seasonally adjusted annual rate of $1,299.9 billion. October’s estimate was revised down from $1,308.8 billion to $1,289.7 billion. September’s estimate for construction […]

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs. This infographic looks at Canada’s extraordinarily fast population growth and the latest statistics. At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out […]