Local Industry News
Heavy Engineering (Non-Building) Construction Posts its Fourth Consecutive Gain in November
Heavy engineering (non-building) construction spending rose 1.8% in November, the fourth month in a row spending rose. Year to date, heavy engineering spending is down a modest 0.3% compared to the same period in 2010
Nonresidential Building Construction Ekes Out a Small Gain in November
Nonresidential building construction spending rose a modest 0.1% in November, essentially unchanged from October when spending dropped 3.1%. Year to date, the measure was down 5.0% from the same period a year earlier
New Residential Construction Spending Advances for the Second Month in a Row
New residential construction spending rose 1.2% in November after edging up 0.2% in October.
Western Metros look like they will lead in 2012 and 2013
In light of the fact that unemployment rates in Regina (4.1%), Edmonton (5.4%), Saskatoon (5.4%), and Calgary (5.7%) have consistently averaged well below the national average (7.3%) over the past six months, it is not all that surprising that the Conference Board in Canada expects that economic growth in the largest metro areas in Alberta and Saskatchewan will continue to outpace activity in the rest of the country over the next 12 to 18 months.
RSMeans’ dollar-per-square-foot construction costs: auditorium, gymnasium, fire station and library
Accompanying this report are tables based on RSMeans’ measures of dollar-per-square-foot construction costs. Results are shown for an auditorium, gymnasium, fire station and library in 25 major cities.
