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Archive for May 14th, 2020

April Nonresidential Construction Starts Sink Lower YTD, -16.7%

Thursday, May 14th, 2020

Article source: ConstructConnect

M/M Fine, but Other Time Comparisons Grim

ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $32.6 billion (green shaded box, Table 3 below), an increase of +2.3% versus March’s figure of $31.8 billion (originally reported as $30.8 billion).

April Nonresidential Construction Starts Sink Lower Ytd, -16.7% Graphic

Amidst so much bad economic news, arising from the coronavirus pandemic, the slight increase in nonresidential starts month-to-month strikes a sweet chord. With winter being left behind, April is the time of year when on-site building activity normally perks up nicely. Some of that usual springier step was apparent even in the current extraordinary circumstances.
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Notes from the Trenches (35)

Thursday, May 14th, 2020

Article source: ConstructConnect

  • Now you have an excuse to eat them. French fries should more accurately be called Belgian fries. They were given the wrong name by American soldiers in World War I who mistakenly thought they were in France when they came across the new tasty use for potatoes. Over the past many decades, Belgium has been a leading exporter of the kinds of potatoes that make the best fries. But restaurant and fast-food demand has fallen off a cliff coincident with coronavirus quarantining and there are storehouses full of spuds that are in danger of spoiling by the end of June. The message has gone out in Belgium, and it’s being picked up in other countries, that families should double their French fry intake from one meal per week to two.
  • Speaking of Belgium, it has one of the worst COVID-19 mortality rates among countries in the world, according to the authoritative website on the progress of the disease being maintained by Johns Hopkins University. Deaths per capita is considered the best gauge of how brutally a country is being ravaged by the coronavirus. (Statistics on the infection rate can be wonky.) In Belgium, the number of deaths per 100,000 population is currently 74.6. The figures for some other developed nations, in descending order, are as follows: Spain, 56.3; Italy, 50.0; United Kingdom, 47.1; France, 39.2; Sweden, 31.2; United States, 23.6; Canada, 12.7; and Germany, 9.1.

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