The AEC Lens Archive for January, 201915 Bullet Points on Canada’s Extraordinarily Fast Population GrowthMonday, January 28th, 2019Article source: ConstructConnect Statistics Canada’s latest national and provincial/territorial population estimates are for October 1, 2019. The two tables included with this article and the 15 bullet points below throw a spotlight on many of Canada’s most recent demographic highlights. Ramifications of U.S. Shutdown Ripple outwards to China and CanadaFriday, January 25th, 2019Article source: ConstructConnect U.S. Census Bureau workers are off the job due to Washington’s partial funding shutdown. As a result, current statistics on housing starts, retail purchases and foreign trade are not available. This is no minor matter. It will be difficult to accurately calculate national output – i.e., the important gross domestic product (GDP) measure – without reliable data on many of its key components. GDP growth, or lack thereof, is one key determinant of Federal Reserve interest rate moves. The Fed will struggle over whether to be ‘hawkish’, ‘dovish’, or stick with neutral. Furthermore, the ramifications of economic data omissions are not solely limited to the U.S. The U.S. and China are engaged in a trade skirmish, with tariffs on Chinese goods entering the U.S. slated to increase to 25% from 10% at the end of March, if there is no resolution. The U.S. has been running a huge trade deficit with China for years. In many months, it has been in a range of 40% to 50% of the total U.S. merchandise trade shortfall with all nations. Series (5 of 7): Rankings of States by Industrial Subsector Jobs – Computer Systems DesignThursday, January 24th, 2019Article source: ConstructConnect
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.
This article is the fifth in a series of seven that examines key industrial sectors to determine where they are most prominent regionally. Rankings of state strength in each industrial subsector are based on both ‘weight’ and ‘concentration’ of relevant employment. ‘Weight’ is simply the number of jobs in the industrial subsector in each state. ‘Concentration’ is each state’s number of jobs in the subsector divided by the state’s population. In effect, it’s a ‘per capita’ figure, except that it’s expressed as number of jobs per million population. By ‘weight,’ the states with the largest populations are almost always high in the rankings. The rankings by ‘concentration,’ however, often deliver a jolt of surprise or two. Series (4 of 7): Rankings of States by Industrial Subsector Jobs – Leisure and HospitalityTuesday, January 22nd, 2019Article source: ConstructConnect
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 rapidly expanding fields of endeavor such as computer systems and design services, establish the need for additional office space and commercial tower square footage. (See, “Shifts in Office Jobs and Implications for Commercial Tower Construction“.) This article is the fourth in a series of seven that examines key industrial sectors to determine where they are most prominent regionally. Rankings of state strength in each industrial subsector are based on both ‘weight’ and ‘concentration’ of relevant employment. ‘Weight’ is simply the number of jobs in the industrial subsector in each state. ‘Concentration’ is each state’s number of jobs in the subsector divided by the state’s population. In effect, it’s a ‘per capita’ figure, except that it’s expressed as number of jobs per million population. By ‘weight,’ the states with the largest populations are almost always high in the rankings. The rankings by ‘concentration,’ however, often deliver a jolt of surprise or two. State Tiers: It’s important to know that three clear groupings of states emerge from an analysis of the Census Bureau’s latest (i.e., through July 1, 2018) population statistics. Those groupings are: (A) the four frontrunner states by nominal levels of population – California, Texas, Florida, and New York; (B) the three states with the fastest year-over-year gains in population – Nevada, Idaho, and Utah; and (C) another tier of six states with both strong nominal increases and percentage changes in resident counts over the past several years – Washington, North Carolina, Georgia, Arizona, Colorado, and South Carolina. (See, “Latest State Population Statistics, Maps, & Tables – Six Dark Horse Winners.”) Also read, “Series (1 of 7): Rankings of States by Industrial Subsector Jobs – Manufacturing,” “Series (2 of 7): Rankings of States by Industrial Subsector Jobs – Financial Services,” and “Series (3 of 7): Rankings of States by Industrial Subsector Jobs – Information Services.” Series (3 of 7): Rankings of States by Industrial Subsector Jobs – Information ServicesFriday, January 18th, 2019Article source: ConstructConnect 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 rapidly expanding fields of endeavor such as computer systems and design services, establish the need for additional office space and commercial tower square footage. (See, “Shifts in Office Jobs and Implications for Commercial Tower Construction.”) This article is the second in a series of seven that examines key industrial sectors to determine where they are most prominent regionally. Rankings of state strength in each industrial subsector are based on both ‘weight’ and ‘concentration’ of relevant employment. ‘Weight’ is simply the number of jobs in the industrial subsector in each state. ‘Concentration’ is each state’s number of jobs in the subsector divided by the state’s population. In effect, it’s a ‘per capita’ figure, except that it’s expressed as number of jobs per million population. By ‘weight’, the states with the largest populations are almost always high in the rankings. The rankings by ‘concentration’, however, often deliver a jolt of surprise or two. Infographic: U.S. Large Project Starts – High-Tech Data Centers and HotelsThursday, January 17th, 2019Article source: ConstructConnect 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. large project starts in high-tech data and fulfillment centers and hotels and conference centers.
At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for compelling ‘short-hand’ visualizations. Whichever path is followed, the point of the journey, almost always, is to reach a bottom line or two. To provide additional value at its corporate blog site, ConstructConnect is now pleased to offer an ongoing series of Infographics. These will help readers sort out the ‘big picture’ more clearly. To view the latest infographic.
8 Mid-January Economic NuggetsThursday, January 17th, 2019Article source: ConstructConnect Well this is a fine pickle, I must say. I’m about to try writing a Nuggets report based on the latest statistical releases and many of the U.S. economy’s key data series have not been updated due to the federal government shutdown. Workers at the Bureau of Labor Statistics (BLS), which compiles jobs numbers and inflation rate figures, are still toiling away. But workers with the Census Bureau, which monitors foreign and retail trade, plus housing starts, are off the job.
The number of individuals employed by Washington on a normal workday is a little less than three million. Of that total, and with their paychecks being withheld, 800,000 are now staying at home or working for free. The figure grows considerably larger when sidelined contract workers are included in the tally. To date, this is taking a minor toll on consumer spending, but the impact will become more onerous the longer the stalemate between the President and the House lasts. Prior to recent developments, the story concerning government employment has been largely snooze-inducing. The three levels of government employment – federal, state and local − account for 22.4 million jobs in total. The shares provided by each level have stayed relatively constant over the past ten years. Almost two-thirds (64.5%) of such workers are at the local level; almost one-quarter (23.0%) at the state level; and the remaining 12.5% at the federal level. Series (2 of 7): Rankings of States by Industrial Subsector Jobs – Financial ServicesWednesday, January 16th, 2019Article source: ConstructConnect 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 rapidly expanding fields of endeavor such as computer systems and design services, establish the need for additional office space and commercial tower square footage. (See, “Shifts in Office Jobs and Implications for Commercial Tower Construction.”) This article is the second in a series of seven that examines key industrial sectors to determine where they are most prominent regionally. Rankings of state strength in each industrial subsector are based on both ‘weight’ and ‘concentration’ of relevant employment. ‘Weight’ is simply the number of jobs in the industrial subsector in each state. ‘Concentration’ is each state’s number of jobs in the subsector divided by the state’s population. In effect, it’s a ‘per capita’ figure, except that it’s expressed as number of jobs per million population. Series (1 of 7): Rankings of States by Industrial Subsector Jobs – ManufacturingTuesday, January 15th, 2019Article source: ConstructConnect 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. Rankings of States by Industrial Sub-Sector Jobs – ‘Weight’ and ‘Concentration’ Maps for M
anufacturing Graphic 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 rapidly expanding fields of endeavor such as computer systems and design services, establish the need for additional office space and commercial tower square footage. (See, “Shifts in Office Jobs and Implications for Commercial Tower Construction.”) This article is the first in a series of seven that examines key industrial sectors to determine where they are most prominent regionally. Rankings of state strength in each industrial subsector are based on both ‘weight’ and ‘concentration’ of relevant employment. ‘Weight’ is simply the number of jobs in the industrial subsector in each state. ‘Concentration’ is each state’s number of jobs in the subsector divided by the state’s population. In effect, it’s a ‘per capita’ figure, except that it’s expressed as number of jobs per million population. U.S. 2018 Large Project Starts by Type of Structure – 2 InfographicsThursday, January 10th, 2019Article source: ConstructConnect The dollar volume of ConstructConnect’s ‘grand total’ construction starts in full-year 2018 was -5.0% compared with full-year 2017. The percentage change for nonresidential work was -2.0%.
How significant were the largest project initiations in those overall percentage changes? Each month, to update clients on showcase project activity, ConstructConnect publishes a Top 10 groundbreakings list. The summation of the Top 10 projects for every month in 2018 (i.e., 120 projects in total) was $85.4 billion, +1.3% versus 2017’s comparable figure of $84.2 billion.
Many of 2018’s biggest project starts are set out in two accompanying infographics and tables. While there were other type-of-structure categories with multiple extra-large projects last year, six that stood out were: high-tech data and fulfilment centers; hotels and conference centers; bridges; manufacturing and distribution centers; medical facilities; and law enforcement. |
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