Housing Starts in U.S. & Canada Not the Total Train Wreck Expected
An expected, fallout from higher interest rates is a decline in housing starts, in both the United States and Canada.
An expected, fallout from higher interest rates is a decline in housing starts, in both the United States and Canada.
The accompanying table records the top 10 project starts in the United States for April 2023.
Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts.
ConstructConnect's March 2023 volume of nonresidential construction starts was $47.6 billion, an increase of +45.0% versus February 2023.
The Canadian construction industry added 7,000 jobs in April 2023 and construction employment is +3.4% YOY.
The total number of jobs in the U.S. construction sector jumped by +15,000 in April 2023 all from subcontractor trades.
By the end of April 2023, NASDAQ has achieved the status of a bull market, with the DJI and S&P 500 nearing bull market territory.
Industrial/manufacturing megaprojects are being spurred on by government incentive measures, a desire to bring jobs back to America, and reducing...
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