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Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick is Chief Economist for ConstructConnect. He is a frequent contributor to the Daily Commercial News and the Journal of Commerce. He has delivered presentations throughout North America on the Canadian, United States and world construction outlooks. A trusted and often-quoted source for … More »

Notes from the Trenches (29)

 
May 7th, 2020 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

  • Pivot time, everyone! No longer is all the news surrounding the health care crisis entirely about bringing the economy to a near standstill so that ‘social distancing’ can establish fire walls against the spread of the coronavirus. More than half of U.S. states are presently allowing some form of business re-openings.
  • New guidelines, ‒ to be implemented in phases, ‒ for conducting operations in restaurants, retail stores, cinemas and so on vary widely by location, but they all include some version of personal protective gear and reduced space occupancy.
    • Shopping mall giant Simon Properties is promising to hand out free masks to patrons upon entry into one of its properties.
    • Also, with respect to face coverings, JetBlue has become the first major airline to require their use by all flight attendants and passengers on the company’s jets.
    • Where cinema screenings will be allowed once again, attendance under Phase One rule relaxations will be limited to 20% of capacity.
    • The at-most ‘repopulation’ aim for many retail outlets is five customers per 1,000 square feet.
    • Desks in schools will be set at least six feet apart. Students will eat their lunches in classrooms. Congregating in cafeterias and gyms will be forbidden.

  • Going forward, construction trade associations should be focusing on measures to recommend for next-round building code revisions. For example, hospitals, nursing homes, seniors’ homes, homeless shelters and prisons would all benefit greatly from physical layout improvements to accommodate isolation of ill individuals when necessary. Standards recommended by the Center for Disease Control (CDC) must be followed. Design changes throughout the built environment may become one of the most significant offshoots of these heart-wrenching days.
  • There is a warning, though, that I’d like to pass on to you, the reader. Be aware that an economic recovery won’t necessarily mean only blue skies and smooth sailing ahead. I’m sure you’ve heard about the economist who’s had three unhappy marriages and two painful divorces since before the dot.com bust in 2001. He wooed and won his last couple of brides shortly after troughs in the business cycle. You see, that was his mistake. Wives 2 and 3 were rebound relationships.

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Category: ConstructConnect




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