GDP’s Underpinning from Housing Starts Weakens The housing starts numbers that analysts key on are monthly ‘actual’ figures, in units, that have been seasonally adjusted and annualized (i.e., extrapolated to yield a yearly total). The acronym for such a calculation is SAAR − i.e., seasonally adjusted at an annual rate. Based on demographic factors (e.g., […]

Three Countries in Front Rank of Trade with U.S. Three countries compete for preeminence in foreign trade with the United States. Not surprisingly, they are the two neighbors on either side of the U.S., Canada and Mexico, and the nation with the second largest (behind America) gross domestic product (GDP) in the world, China. The […]

The accompanying table records the 10 largest construction industry project starts in Canada in May 2019. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada. There are several reasons for highlighting upcoming large projects. Such jobs have often received a […]

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 U.S. airport construction – groundbreaking and upcoming stages. At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for […]

U.S. Jobs +75,000 in May, but Flat After Revisions The latest Employment Situation report from the Bureau of Labor Statistics (BLS) records a gain of +75,000 in total U.S. jobs in May. The +75,000 month-to-month increase was the second lowest so far this year. February’s figure was worse at +56,000.  What’s hidden, however, unless one […]

The accompanying tables show the top 10 major upcoming Recreational and Retail, Wholesale, Warehouse construction projects in Canada. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations. Shopping centers, hotels, office buildings, medical buildings, educational buildings, government buildings, industrial projects, oil and gas projects, and […]

The accompanying tables show the top 10 major upcoming Northeast and Southeast construction projects in the United States. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations. Shopping centers, hotels, office buildings, medical buildings, educational buildings, libraries and museums, sports and entertainment complexes, industrial projects […]

Minimal Canadian GDP Growth in Q1 2019 Canadian ‘real’ (i.e., inflation-adjusted) gross domestic product (GDP) figures were released by Statistics Canada at the end of May and they weren’t pretty. Thankfully, the quarter-to-quarter change was still positive, but only by the smallest of margins. Q1 2019 versus Q4 2018 was +0.1%, or +0.4% when annualized. […]