Banks Tipping Their Cards Revealing Their 2023 Outlook
Between Q1 and Q4 of 2022, the net percentage of U.S. banks reporting tightening standards for commercial real estate loans increased, from -23% to...
Construction Economic News
Tariffs
U.S. to Place 200% Tariff on Russian Aluminum
U.S. lawmakers are preparing to impose a 200% tariff on Russian aluminum, but should have little impact on the commercial construction industry.
Michael Guckes, Chief Economist
Feb 8, 2023
Moderation in Canadian Construction Material Costs
There has been some considerable moderation in Canadian construction material prices over the last three months.
Alex Carrick
Feb 3, 2023
Wall Street Estimates See a Reduction and Then Plateau of Nonresidential Industry Earnings
The 14 largest publicly traded firms in the nonresidential construction space had record revenues in Q3 2022.
Michael Guckes, Chief Economist
Feb 3, 2023
Higher Interest Rate Regime Not Slowing U.S. Jobs Creation Juggernaut
The construction sector added +25,000 jobs in February 2023, with two-thirds of that recorded by nonresidential subcontractors.
Alex Carrick
Feb 3, 2023
Era of Construction Bid Prices Chasing Material Cost Increases Nearing End
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.
Alex Carrick
Feb 1, 2023
December’s Volume of Existing Home Sales Continues to Decline
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.
Michael Guckes, Chief Economist
Jan 24, 2023
Will Canadian Homebuilders See a Housing Preference Shift in 2024?
As the affordability of Canadian homes improves in 2023, almost entirely through declining home prices, there is an expected market rebound coming in...
Michael Guckes, Chief Economist
Jan 20, 2023
Winning More Work Starts Here: Expert Tips, Market Trends, and Data-Driven Construction Insights
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