Alex Carrick, Chief Economist at ConstructConnectAlex 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 the media, Mr. Carrick holds a Masters in Economics.
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Alex Carrick, Chief Economist at ConstructConnectAlex 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
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October Nonresidential Construction Starts One Quarter Lower Both M/M & Ytd
October 13th, 2020 by Alex Carrick, Chief Economist at ConstructConnect
Article source: ConstructConnect
Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts.
When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.
String a couple of similar positive or negative directional changes together over several months and one has a trend.
And that’s what the graphs are designed to do, show improving or deteriorating trends in a dozen major and more granular categories of construction work.
Graph 1: U.S. Nonresidential Construction Starts ‒ ConstructConnect
(12-month moving averages)
Graph 2: U.S. Commercial & Institutional Construction Starts ‒ ConstructConnect
(12-month moving averages)
Graph 3: U.S. Retail & Private Office Building Construction Starts ‒ ConstructConnect
(12-month moving averages)
Graph 4: U.S. Hospital/Clinic & School/College Construction Starts ‒ ConstructConnect
(12-month moving averages)
Graph 5: U.S. Road/Highway & Water/Sewage Construction Starts ‒ ConstructConnect
(12-month moving averages)
Graph 6: U.S. Bridges & Miscellaneous Civil Construction Starts ‒ ConstructConnect
(12-month moving averages)
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Category: ConstructConnect
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