Ottawa, ON – October 10, 2017 – The trend in housing starts was 214,821 units in September 2017, compared to 220,573 units in August 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “Housing starts are trending lower in September after increasing for eight consecutive months,” said Bob Dugan, CMHC’s chief economist. “Nevertheless, new home construction remains very strong as the seasonally adjusted number of starts was above 200,000 units for four straight months.”
Ottawa, ON – October 10, 2017 – Canadian municipalities issued $7.5 billion worth of building permits in August, down 5.5% from July. This was the second consecutive monthly decrease. Despite these declines, the year-to-date value of building permits (January to August) is up 8.7% compared with the same period in 2016, reflecting a $3.1 billion increase in multi-family dwellings.
Washington, DC – October 2, 2017 – Construction spending during August 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.5 percent (±1.3 percent) above the revised July estimate of $1,212.3 billion. The August figure is 2.5 percent (±1.8 percent) above the August 2016 estimate of $1,189.1 billion. During the first 8 months of this year, construction spending amounted to $806.2 billion, 4.7 percent (±1.3 percent) above the $769.9 billion for the same period in 2016.
Washington, DC – September 26, 2017 – Sales of new single-family houses in August 2017 were at a seasonally adjusted annual rate of 560,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.4 percent (±13.0 percent) below the revised July rate of 580,000 and is 1.2 percent (±18.5 percent) below the August 2016 estimate of 567,000.
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Washington, DC – September 20, 2017 – With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index (ABI). As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the August ABI score was 53.7, up from a score of 51.9 in the previous month. This score reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings). The new projects inquiry index was 62.5, up from a reading of 59.5 the previous month, while the new design contracts index eased somewhat from 56.4 to 54.2.
Brussels – September 19, 2017 – In July 2017 compared with June 2017, seasonally adjusted production in the construction sector increased by 0.2% in the euro area (EA19) and by 0.5% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In June 2017, production in construction grew by 0.2% in the euro area and by 0.3% in the EU28.
Washington DC – September 19, 2017 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2017:
Building Permits – Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,300,000. This is 5.7 percent (±2.0 percent) above the revised July rate of 1,230,000 and is 8.3 percent (±1.6 percent) above the August 2016 rate of 1,200,000. Single-family authorizations in August were at a rate of 800,000; this is 1.5 percent (±1.3 percent) below the revised July figure of 812,000. Authorizations of units in buildings with five units or more were at a rate of 464,000 in August.
Housing Starts – Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,180,000. This is 0.8 percent (±9.6 percent) below the revised July estimate of 1,190,000, but is 1.4 percent (±8.9 percent) above the August 2016 rate of 1,164,000. Single-family housing starts in August were at a rate of 851,000; this is 1.6 percent (±9.0 percent) above the revised July figure of 838,000. The August rate for units in buildings with five units or more was 323,000.
Cambridge, MA – April 20, 2017 – Strong gains in home remodeling and repair activity are expected to ease moving into next year, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual growth in home improvement and repair expenditure this year will remain above its long-term trend of 5 percent, but will decline steadily from 7.3 percent in the first quarter to 6.1 percent by the first quarter of 2018.
Ottawa, ON – February 7, 2017 – Municipalities issued $7.2 billion worth of building permits in December, down 6.6% from November. Lower construction intentions were recorded for all components, led by commercial buildings and multi-family dwellings. In the residential sector, eight provinces posted declines while Ontario reported a record high. In the non-residential sector, the value of building permits fell for the second time in six months, down 11.5% to $2.3 billion in December, led by lower construction intentions for commercial buildings. Decreases were reported in seven provinces, with Ontario, Alberta and Quebec posting the largest declines.
Washington, DC – February 1, 2017 – The U.S. Census Bureau of the Department of Commerce announced today that construction spending during December 2016 was estimated at a seasonally adjusted annual rate of $1,181.5 billion, 0.2 percent (±1.0%) below the revised November estimate of $1,184.4 billion. The December figure is 4.2 percent (±1.3%) above the December 2015 estimate of $1,133.7 billion. The value of construction in 2016 was $1,162.4 billion, 4.5 percent (±1.0%) above the $1,112.4 billion spent in 2015.