Small increase in Canadian housing starts in May

Ottawa, ON – June 8, 2017 – The trend in housing starts was 214,621 units in May 2017, compared to 213,435 units in April 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 trended higher in May in Canada’s urban areas”, said Bob Dugan, CMHC’s Chief Economist. “Row and apartment units led the upward move, while construction has slowed for pricier single- and semi-detached houses.”

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U.S. construction spending in April drops -1.4%

Washington, DC – June 1, 2017 – Construction spending during April 2017 was estimated at a seasonally adjusted annual rate of $1,218.5 billion, 1.4 percent (±1.0 percent) below the revised March estimate of $1,235.5 billion. The April figure is 6.7 percent (±1.5 percent) above the April 2016 estimate of $1,142.5 billion. During the first 4 months of this year, construction spending amounted to $359.5 billion, 5.8 percent (±1.3 percent) above the $339.7 billion for the same period in 2016.

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U.S. Architecture Billings Index posts third consecutive month of growth in April

Washington, DC – May 24, 2017 – After beginning the year with a marginal decline, the Architecture Billings Index has posted three consecutive months of growth in design revenue at architecture firms. 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 April ABI score was 50.9, down from a score of 54.3 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 60.2, up from a reading of 59.8 the previous month, while the new design contracts index increased from 52.3 to 53.2.

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U.S. new single-family home sales in April fall -11.4%

Washington, DC – May 23, 2017 – Sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.4 percent (±10.5 percent) below the revised March rate of 642,000, but is 0.5 percent (±11.3 percent) above the April 2016 estimate of 566,000.

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Euro area construction activity drops -1.1% in March

Brussels – May 17, 2017 – In March 2017 compared with February 2017, seasonally adjusted production in the construction sector decreased by 1.1% in the euro area (EA19) and by 0.8% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In February 2017, production in construction grew by 5.5% in the euro area and by 3.9% in the EU28.

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U.S. private housing starts drop -2.6% in April, while building permits fall -2.5%

Washington, DC – May 16, 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 April 2017:

Building Permits – Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,229,000. This is 2.5 percent (±1.1 percent) below the revised March rate of 1,260,000, but is 5.7 percent (±1.4 percent) above the April 2016 rate of 1,163,000. Single-family authorizations in April were at a rate of 789,000; this is 4.5 percent (±0.8 percent) below the revised March figure of 826,000. Authorizations of units in buildings with five units or more were at a rate of 403,000 in April.

Housing Starts – Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000. This is 2.6 percent (±8.8 percent) below the revised March estimate of 1,203,000, but is 0.7 percent (±7.0 percent) above the April 2016 rate of 1,164,000. Single-family housing starts in April were at a rate of 835,000; this is 0.4 percent (±8.6 percent) above the revised March figure of 832,000. The April rate for units in buildings with five units or more was 328,000.

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Canadian Home Builders’ Association launch Net Zero Home Labelling Program

Ottawa, ON – May 2, 2017 – The Canadian Home Builders’ Association (CHBA) today officially launched its Net Zero Home Labelling Program – continuing CHBA’s long history in leading energy efficiency in residential construction. The Program provides the industry and consumers with a clearly defined and rigorous two-tiered technical requirement that recognizes Net Zero and Net Zero Ready Homes, and identifies the builders and renovators who provide them. A pilot version of the Net Zero Home Labelling Program ran from September 2015 to December 2016 to validate technical and administrative details.

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Growth in renovation spending in the U.S. will continue to grow in 2017 – remaining over +5%

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.

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Canada building permits fall -6.6% in December … Down -0.8% in all of 2016

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.

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