Tag: canada construction

Investment in Canadian non-residential building construction reached $12.6 billion in 4Q, down 1.7 per cent from the previous quarter, according to Statistics Canada Monday. Investment in Canadian residential construction rose 2.2 per cent to $4.3 billion in November compared with the same month in 2014, said StatsCan Thursday. Higher construction spending on apartment and apartment-condominium…

Canadian housing starts rose unexpectedly in November and building permits surged in October, fueling Canada’s prolonged housing boom even as the nation’s weak economy contributed to underlying softness in some regions, reports showed on Tuesday. Groundbreaking on new homes jumped to 211,916 units last month from a downwardly revised 197,712 units in October, bucking expectations…

NAHB analysis of Census construction spending data released Tuesday shows that total private US residential construction spending for October increased to a seasonally adjusted annual rate of US$399 billion. On a month-over-month basis, private single-family spending was US$226 billion, up by 1.6 per cent over the revised September estimate. Private multifamily spending increased to US$58…

The total value of investment in residential construction rose 3.3 per cent to $31.9 billion in the third quarter compared with the same quarter a year earlier, said Statistics Canada Thursday. This marked the seventh consecutive year-over-year quarterly growth. Investment in apartment and apartment-condominium building construction (up 21.5 per cent to $4.7 billion), acquisition costs…