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Tag: building materials

Canada Building Permits: March 2017

Canada Building Permits: March 2017

The value of building permits issued by Canadian municipalities fell 5.8 per cent to $7 billion in March, marking a second consecutive monthly decrease, said Statistics Canada May 9. Nationally, the decline was mainly the result of lower construction intentions for multi-family dwellings, particularly in British Columbia and Ontario. All provinces and territories, except Ontario and Quebec, registered decreases in the total value of building permits in March. Canada Building Permits: March 2017 Municipalities issued $4.6 billion worth of residential…

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US New and Pending Home Sales: March 2017

US New and Pending Home Sales: March 2017

US sales of new homes shot up in March to the fastest pace in 8 months, the Commerce Department said April 27. Meanwhile according to the National Association of Realtors Friday, US pending home sales in March 2017 maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity. Home Sales, US The US Commerce Department said this past week that new-home sales rose 5.8 per cent last month to a…

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US Lumber and Building Sales, Imports, Log Exports: Jan – Feb 2017

US Lumber and Building Sales, Imports, Log Exports: Jan – Feb 2017

US Lumber and Other Construction Materials Trade for Jan-Feb 2017 are up 7.7% to US$42,933 million, from US$40,475 million for the first two months of last year. Full-Year 2016 US Construction Trade was US$122,384 million, up 7.7% from full-year 2015. US Lumber and Other Construction Materials Trade: Jan-Feb 2017 US Log Exports to the WORLD for Jan-Feb 2017 are up 12% to US$211 million, from US$186 million for the first two months of last year. Full-Year 2016 US Log Exports…

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Canada Investment in New Housing Construction

Canada Investment in New Housing Construction

New housing construction investment in Canada totalled $4 billion in February, an increase of 6.4 per cent compared with the same month in 2016, said Statistics Canada Friday. Spending on single-family dwellings led the ad- vance at the national level. Spending was up in five provinces in February, compared with the same month one year earlier. The national increase was largely the result of higher investment in Ontario and, to a lesser extent, in British Columbia and Manitoba. The largest…

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US Construction Jobs: February 2017

US Construction Jobs: February 2017

According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis April 11, the number of open construction sector jobs rose to 169,000 in February. The cycle high is 238,000, set in July of last year. The open position rate (job openings as a percent of total employment) for February increased to 2.4 per cent. On a 12-month moving average basis, the open position rate for the construction sector held steady at 2.7 per cent, near the…

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US Real House Prices, Price-to-Rent Ratio: Jan 2017

US Real House Prices, Price-to-Rent Ratio: Jan 2017

The Case-Shiller US National Home Price Index rose at a seasonally adjusted annual growth rate of 7.9 per cent, slower than the 9.2 per cent increase in December, according to the S&P Dow Jones Indices Tuesday. In real terms, and as a price-to-rent ratio, [US house] prices are back to late 2003 / early 2004 – and the price-to-rent ratio maybe moving a little more sideways now, wrote Bill McBride in Calculated Risk Tuesday. US Real House Prices, Price-to-Rent Ratio:…

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Residential Construction Investment, Canada: 4Q 2016

Residential Construction Investment, Canada: 4Q 2016

In 4Q 2016, total investment in residential construction in Canada rose 5.6 per cent from the same quarter of 2015 to $31.4 billion, reflecting increased spending on every component except cottages, said Statistics Canada Thursday. Higher investment in single-family dwellings, up 11.5 per cent to $7.3 billion, accounted for nearly half of the increase at the national level. Rising renovation spending (+3.4 per cent to $13.3 billion) and acquisition costs related to new dwellings (+6.9 per cent to $3.6 billion)…

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US Construction Labour Shortage

US Construction Labour Shortage

Also at the NAHB Design and Construction Week, was a lot of conversation about a looming and serious shortage in skilled construction labour. During a three-hour seminar Wednesday morning, builders shared tips for finding and training newcomers and maintaining ties with their trades when labour is hard to find. US Home Builders and Skilled-Labor Shortage: 2017 The skilled-labour shortage persists in the construction industry, pushing wages up, extending project timelines and putting pressure on builder–trade relations. That’s made the topic…

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BC Dimension Cedar Producers Hike Prices in Anticipation of Softwood Lumber Duties

BC Dimension Cedar Producers Hike Prices in Anticipation of Softwood Lumber Duties

Dimension cedar mills in Lower Mainland, British Columbia, pushed their prices up another ten per cent, with plans for further hikes designed to mitigate forthcoming retroactive duties on their US-bound shipments. At least one large producer was “working hard” at getting Western red cedar exempted from the ongoing and embittered US-Canada Softwood Lumber Dispute. In the meantime, covering their bases was paramount, and that meant passing on higher costs to less-than-happy customers.

US Construction Outlook 2017: ConstructConnect

US Construction Outlook 2017: ConstructConnect

In US residential construction, the multi-family homebuilding segment has returned to a level of starts on a par with before the Great Recession, said Alex Car- rick, Chief Economist for ConstructConnect (formerly Reed Construction Data), December 1. Single-family groundbreakings, while considerably better than they were in 2010, are still languishing below their previous ‘norm’. Many analysts are fond of saying there is an accumulation of pent-up demand. SINGLE FAMILY HOMEBUILDING While this trend will fuel growth in single-family home-building in…

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