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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…
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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…
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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:…
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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…
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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…
