<img height="1" width="1" src="https://www.facebook.com/tr?id=373327176680496&amp;ev=PageView&amp;noscript=1">

Construction Economic News

Stay up to date on the latest construction economic news and get in-depth analysis and insights from Chief Economist Alex Carrick and Senior Economist Michael Guckes.

  • Categories

Blog Feature

According to the latest Employment Situation Report issued by the Bureau of Labor Statistics, the total number of jobs in the U.S. increased by +210,000 in November. 

Blog Feature

In the spring and summer of this year, a huge gap opened between construction bid prices that were staying low on a year-over-year basis and material input costs, also y/y, that were soaring into the stratosphere.  

Blog Feature

The vertical bars in Graph 1 tell the story of housing starts in the United States. The monthly numbers of actual groundbreakings in units are seasonally adjusted at an annual rate (SAAR). ‘Annualized’ means they are projected from a single month to 12 months.

Blog Feature

U.S. Retail Sales take Exuberant Route There are a lot of explanations for why souped-up inflation has become so troubling in recent months. Heading the list is supply shortages.

Blog Feature

The U.S. foreign trade deficit deteriorated further in the latest month, sinking to -$972 billion USD in September 2021, an unwelcome record. The shortfall comes entirely in the trade of ‘goods,’ -$1.178 billion. The ‘services’ balance, which includes business and tourism travel, plus between-country costs of transporting cargo, remained above water, +$206 billion USD.

Blog Feature

Canadian construction starts year to date, as calculated by ConstructConnect, are set out in Table 1 below. By dollar volume, the total is +5.7% versus January-to-October 2020, with residential at +22.0%; nonresidential buildings, +19.9%; and engineering, -20.2%.

Blog Feature

Among ConstructConnect’s Top 10 project starts list for October are two that seem perfectly in sync with the times in which we’re living. For much of the past year-and-a-half, many of us have been cooped up at home as a precaution against contracting the coronavirus. Some of us have gone on fitness regimes; and we’ve all been aware, whether embracing it or not, of the extraordinarily swift breakthroughs made in vaccination protection.  

Blog Feature

October Handicapped by September’s Strength ConstructConnect announced today that October 2021's volume of construction starts, excluding residential work, was $28.8 billion (see shaded green box, bottom of Table 8 below), a decrease of -25.6% compared with September 2021's level of $38.7 billion (originally reported as $38.0 billion).

Blog Feature

Clichés are often true and it is the case that a picture can be worth a thousand words.

Blog Feature

The accompanying table records the top 10 project starts in the U.S. for October 2021.

Blog Categories