GDP’s Underpinning from Housing Starts Weakens The housing starts numbers that analysts key on are monthly ‘actual’ figures, in units, that have been seasonally adjusted and annualized (i.e., extrapolated to yield a yearly total). The acronym for such a calculation is SAAR − i.e., seasonally adjusted at an annual...
Artificial intelligence (AI) is all the rage these days. We use it daily in everything from voice assistants like Siri and Alexa, Facebook’s image recognition software, Google’s search engines, and getting recommendations on what to buy from Amazon and what to watch on Netflix. AI is being applied in...
2018 marked a major milestone for the US construction industry. According to the census bureau, after sinking to a 2011 low of $755 million, construction spending in the United States last August rose to a $1.3 trillion annual pace, eclipsing the pre-recession high of $1.162 trillion , bolstering the profitability of the sector’s...
Construction and property development companies have not historically been on the forefront of innovation. But new and impending advances in robotics—such as the increasing ability to work in open, unstructured work sites and interact with human coworkers—along with a sustained drop in costs promise to change that and profoundly...
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