Moderation in Canadian Construction Material Costs
There has been some considerable moderation in Canadian construction material prices over the last three months.
There has been some considerable moderation in Canadian construction material prices over the last three months.
The 14 largest publicly traded firms in the nonresidential construction space had record revenues in Q3 2022.
The construction sector added +25,000 jobs in February 2023, with two-thirds of that recorded by nonresidential subcontractors.
Moderation in construction material costs that has been taking place with 11 of the 15 PPI inputs decreasing in price from September to December 2022.
The potential for a prolonged decline in existing home prices as we begin 2023 is likely to challenge the pricing power of home builders of all types.
As the affordability of Canadian homes improves in 2023, almost entirely through declining home prices, there is an expected market rebound coming in...
Hourly construction wage data recorded a 5.8% annual gain in December 2022, according to the Bureau of Labor Statistics.
Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts.
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