6%, up from 2.9% in July. This figure represents the largest increase in wage settlements since 2005. Regionally, strong labour demand in the West is putting pressure on wage rates in Ontario.
Overview of Canadian Construction Markets 11/6/2007 12:48:00 PM - The level of housing starts in Canada has seriously diverged from the level of housing starts in the U.S. The justifications for the ongoing exceptional levels of starts in Canada are not there.
In the accompanying table, CanaDatas latest square footage forecasts are set out on a quarterly basis, nationally (Canada), for the three major sub-category building types commercial, industrial and institutional.
Domestic means North American and, more specifically, U.S. and Canada. Internationally-set commodity prices are increasingly being driven by demand in China. The Chinese government is likely to keep pumping up its economy until the Summer Olympics in Beijing next year.
The construction spending outlook is largely unchanged from a month ago. Total construction spending rose for the fourth month in a row in May 2007, although the accumulated 1.4% gain is, at most, covering project cost increases. Total spending is anticipated to be nearly unchanged this year, as
S. West and Midwest Projects September 2007 9/18/2007 1:40:00 PM - All of the projects shown in this report share the same common factors. They are all in the planning stage. They are mainly new projects but may also involve additions and/or alterations.
Based on job-site activity levels through May 2007, Reed Construction Data (RCD) now expects total U.S. construction spending to be up +0.1% in 2007 versus +5.3% last year. (The total spending figure for 2007 has been revised downward by 0.7 percentage points versus RCD's previous monthly
Reed Construction Data editor Denise Mann gathers North American construction-related economic announcements from around the Web and summarizes them just for BuildingTeam Forecast readers. Your feedback and suggestions for future topics to be covered are always welcome.
All of the projects shown in this report share the same common factors. They are all in the planning stage. They are mainly new projects but may also involve additions and/or alterations. Shopping centers, hotels, office buildings, medical buildings, educational buildings, libraries and museums,
Highway construction spending has been volatile, but is up only 2.3% from the previous peak level in May 2006, well short of keeping up with rising costs. Furthermore, there is an apparent diminished priority for spending on highways in Washington.