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What's New On Our Blog

The construction industry really took it on the chin during the Great Recession. The number of construction firms fell by nearly 150,000 between 2007 and 2013 and over 2.3 million jobs were lost due to layoffs, early retirement, and workers leaving for greener pastures. With a majority of economists predicting another re...

Posted: July 19, 2019, 2:00 pm

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. trading partners – is China number one? At the same time, though, there are many topics (e.g., relating to demographics, housing st...

Posted: July 18, 2019, 3:44 pm

There’s lots to cover, so let’s jump in… Chinese Economic Slowdown China’s latest quarter-over-quarter ‘real’ (i.e., after adjustment for inflation) gross domestic product (GDP) growth rate was its slowest since 1992. 2019’s second quarter advance, annualized, was only +6.2%. That level of increase anywhere else in the w...

Posted: July 16, 2019, 6:28 pm

Hard to Compete With May ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $44.9 billion (green shaded box, Table 3 below). The month-to-month percentage change versus May was -18.3%. The large drop, however, was mainly due to May having so many mega-s...

Posted: July 15, 2019, 3:49 pm