Daily Commercial News
On this episode of The Construction Record Podcast™, digital media editor Warren Frey speaks with ConstructConnect chief economist Alex Carrick and senior economist Michael Guckes about how general contractors and others in the construction industry can diversify their work portfolios in terms of geography, new vs. renovation projects, strategic work in verticals and the comparison between public and private sector work.
Alex pointed to demographic changes in both Canada and the United States as driving construction including Atlantic Canada’s dramatic growth and the southern United States seeing an unprecedented rise in population due to migration from bigger cities.
Michael also pointed to increased financial activity in the renovation space and pointed out much of that might be due to fiscal conditions outside the projects themselves. Both Michael and Alex also highlighted the opportunities for diversification in both the public and private sectors and why it’s important to keep a foot in both worlds if possible.
You can listen to our recent interview with Dream Unlimited executive vice-president Tsering Yangki is available here and our episodes are available at the Daily Commercial News and Journal of Commerce websites, on Libsyn and at Apple Podcasts, Spotify and Amazon Music’s podcast section. Thanks for listening.