<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

In October, the measure everyone looks to as a gauge of inflation, the Consumer Price Index, was up +6.2% year over year, the fastest rate of advance in the United States in decades.

Blog Feature

The $1.2 trillion infrastructure bill, even though the dollars going towards tangible projects will be slightly less than half that amount (approximately $500 billion), and the spending will be spread out over five years, is no small matter.

Blog Feature

U.S. Housing Starts Up by a Fifth U.S. housing starts, as an average of the seasonally adjusted and annualized (SAAR) monthly figures to date in 2021, have been ahead by almost a fifth (+18.5%) compared with the same January-to-September period of 2020.

Blog Feature

The U.S. total jobs increase in October was +531,000 according to the latest Employment Situation report from the Bureau of Labor Statistics. A gain of more than half a million would have been met with cheering in any month prior to the pandemic. And it’s better than September’s +312,000 and August’s +483,000. But it still leaves total employment in the U.S. significantly below where it was in February 2020, just before COVID-19 touched down.

Blog Feature

Record ‘Goods’ Trade Deficit & Deterioration in ‘Services’ Surplus In discussions about gross domestic product (GDP), foreign trade receives the attention it deserves in Canada, but it’s undervalued in the United States. The reason undoubtedly has to do with the shares of GDP contributed by exports in the two countries.

Blog Feature

An Excess of U.S. Retail Demand Consumer spending is about 70% of gross domestic product (GDP) in the United States and 55% in Canada. (The lower percentage in Canada is due to foreign trade being relatively more prominent in overall economic activity north of the border.)

Blog Feature

Concerning the cost of doing business, a lot of attention has been focused lately on sharply rising material input prices. But compensation rates haven’t just been sitting idly by, quietly twiddling their thumbs, either.

Blog Feature

This isn’t a hard point to make. A great deal of emphasis in the coming years will be placed on decarbonization. A full-court shift to electrification is viewed by many as a primary means to achieve desired and commendable levels of carbon reduction. What is not being presented or discussed thoroughly, though, is how costly this will be. Nor will the shift to greater usage of renewable electric power be the only factor pushing up day-to-day living and business expenses. There are a host of others including investments in cyber security; commitments to employee compliance courses; deeper workplace cleaning efforts; and accelerating adoption of high tech.  

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 September 2021.

Blog Categories