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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.

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Blog Feature

By: Alex Carrick, Chief Economist
November 21st, 2022

The accompanying table records the top 10 project starts in the United States for October 2022.

Blog Feature

By: Alex Carrick, Chief Economist
November 21st, 2022

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

Blog Feature

By: Alex Carrick, Chief Economist
November 21st, 2022

Megaproject Authorizations Remain Upbeat ConstructConnect announced today that October 2022’s volume of construction starts, excluding residential work, was $47.5 billion, a decline of -8.2% compared with September’s figure of $51.7 billion (originally reported as $51.1 billion).

Blog Feature

By: Michael Guckes, Senior Economist
November 18th, 2022

ConstructConnect’s Expansion Index is a monthly measure of the nominal dollar value of planned construction projects compared to the same month one year ago. The Index geographically covers the United States, Canada, and their respective states and metropolitan statistical areas. November’s release, which reports on data collected in the prior month, extended several of the industry trends that ConstructConnect has previously identified.

Blog Feature

By: Alex Carrick, Chief Economist
November 10th, 2022

After a string of months with barely positive or backtracking employment change, Canada struck it rich in October, +108,000 jobs. The biggest portion of the +108,000 gain was provided by services jobs, +63,000 according to Statistics Canada, but manufacturing and construction also had good hiring months, +24,000 and +25,000 jobs, respectively.

Blog Feature

By: Alex Carrick, Chief Economist
November 8th, 2022

ConstructConnect’s annual construction starts statistics for bricks and mortar retail sites are set out in Graph 1. The history goes back to 2005, and the forecast portion of the chart extends to 2026.

Blog Feature

By: Alex Carrick, Chief Economist
November 4th, 2022

A month ago, the Employment Situation report from the Bureau of Labor Statistics reported a U.S. total jobs-count increase during September of +263,000. Now, for the month of October, a nearly identical change in total employment has been estimated by the BLS, +261,000 jobs. (By the way, September’s figure has just been revised to +315,000.)

Blog Feature

By: Alex Carrick, Chief Economist
November 1st, 2022

After a gloomy patch in late summer and early fall, dominated by discussion of inflation and recession, the economic and construction news is beginning to lighten a bit. The first ray of sunshine has come in the 2022 third quarter advance estimate GDP report. Rather than retreating or standing still, Q3 real gross domestic product advanced by +2.6% seasonally adjusted and annualized, improving nicely on the -0.6% and -1.6% performances of Q2 and Q1, respectively.

Blog Feature

By: Alex Carrick, Chief Economist
October 18th, 2022

Megaprojects Reignited Starts in September ConstructConnect announced today that September 2022’s volume of construction starts, excluding residential work, was $51.1 billion, an increase of +26.0 compared with August’s figure of $40.6 billion (originally reported as $40.0 billion).

Blog Feature

By: Alex Carrick, Chief Economist
October 18th, 2022

The accompanying table records the top 10 project starts in the United States for August 2022.

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