This Nuggets report is being written on Valentine’s Day, so let me begin by expressing my hope that you, my valued reader, and your special someone share moments today that are truly memorable. Okay, with that out of the way, and thoughts of roses and chocolates dancing in my head, let’s move on to the […]

The accompanying table shows 20 of the largest upcoming Toronto, Ottawa, Montréal and Vancouver, Calgary, Edmonton construction industry 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 […]

Construction spending in various type-of structure categories is driven by economic circumstances within specific industrial subsectors. For example, manufacturers set the pace in industrial construction. Good health in the leisure and hospitality sector provides the backing for new hotel and motel work. And jobs levels in information and financial services, as well as in more […]

The latest labour market statistics served up by Statistics Canada indicate a number-of-jobs increase year over year, in January 2019, of +1.8% and a nation-wide unemployment rate of 5.8%. In an earlier article ("Canada’s +67,000 January Jobs Number Launches Year on Fast Track"), there was discussion of industrial sub-sector jobs performances, along with commentary on […]

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 […]

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 […]