Archive for November, 2011
Construction Spending Inches Forward in September
Total construction spending edged up 0.2% in September after rising 1.6% in August, the fifth monthly increase in the last six months, according to data from the U.S.
Heavy Engineering (Non-Building) Construction Flat in September
Heavy engineering (non-building) construction spending held steady in September following a 2.9% advance in August. Year-to-date, heavy engineering spending was also unchanged compared to the same period last year. The heavy construction sector is forecast to hold up well as the outlook for the economy improves, encouraging private sector investment.
Nonresidential Building Construction Spending Slips in September
Nonresidential building construction spending fell a slight 0.1% in September following a 1.3% increase in August. On a year-to-date basis, the measure was down 6.7% compared to the same period a year ago.
Glimmers of Hope? Residential Construction Spending Advances for the Fourth Month in a Row
A sluggish economy, a soft jobs market, a large inventory of foreclosed homes, the threat of additional foreclosures, and difficulty in obtaining financing for both potential homebuyers and for builders continue to act as a drag on the housing market. In spite of these factors, some glimmers of hope have appeared recently.
Strong fundamentals fuel housing demand heading into 2012
It appears that, to date, the effects of the steady erosion of consumer confidence since May and the increasing concerns about the potential impact of the European sovereign debt crisis on global financial markets have not pulled the rug out from under Canada’s housing market.
