-
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…
-
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…
-
Building Materials Price Index, US: December 2016
The price of softwood lumber rose by 2.3 per cent in December, while prices paid for ready-mix concrete, gypsum products, and OSB all fell, according to the latest Producer Price Index release by the Bureau of Labor Statistics January 13. The 2.3 per cent increase in the softwood lumber price index is the largest monthly…
-
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:…
-
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…
