Who We Are US Division Canada Division Product Information Management Partners Careers Advertising Opportunities Press Releases Reed In The News
Construction Project Leads BIM SmartBuilding Index Construction Costs (RSMeans) Market / Predictive Analytics Building Product Information Daily Commercial News Journal of Commerce B2B Marketing Construction Market Research
SmartBIM Market Insights Connections RSMeans SmartBuzz accessArchitecture Green Construction US Construction Canadian Construction
Search Project Leads Building Product Information Regional News & Info Building Codes Building Cost Models Project Library by Building Type eNewsletters Blogs Ask Our Experts Events
Upload Plans & Specs
RSMeans Bookstore Preorder 2010 Cost Data SmartProject News
home communities market insights notes from alex carrick standing up in a convertible while driving under a bridge

Standing up in a Convertible while Driving under a Bridge

Insight and Analysis of Construction Industry Trends

Featured in:

Join the Discussion!

Alex Carrick avatar

I’m considering cutting back CanaData’s forecasts of Canadian construction activity in 2009 by 5% to 10%. This would be due to all the bad economic news that we have been hearing of late. But the situation remains too volatile. Dramatic developments continue to assault us daily.

Adjusting one’s forecasts under such extreme uncertainty can be compared to standing up in a convertible while driving under a bridge. It’s risky and the results may be ugly.

I’d rather wait until some semblance of calm has been restored. CanaData’s forecasts on housing starts, square footage starts and put-in-place investment are already quite conservative.

I do know this, however. Most business managers are now preparing plans that factor in a recession lasting well into next year.

Alex Carrick

Find Canadian construction-related economic articles in Canadian Construction Market News and in the Economic Outlook section of Daily Commercial News.

Member Comments

» View all comments (0 total comments)
Post Your Own Comments
» Not a member? Register now to become one. Otherwise, login to post your comments on this article.

Related Information

Read Other Recent Alex Carrick Posts

   Community Login | Register

Search Site

Advanced Search


What's Hot

Take a Demo!


Recent News

E Newsletter

Do You Know?

RSMeans conducts onsite training seminars.

Request Information!


Resource Center

© 2009 Reed Construction Data Inc. All rights reserved.