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Posts Tagged ‘manufacture’

Canada’s Construction Material Costs Tell Diverse Stories (Part 1 of 2)

Tuesday, January 26th, 2016

Article source: CMDGroup

Similar to the U.S., the price advances of many materials and building products going into the construction process in Canada remain restrained.

The +0.3% figure year-over-year (y/y) for total construction − from line 4 of accompanying Table 1 − does, however, incorporate considerable variation at the type-of-structure sub-category level.

At this time, a sizable gain in non-residential building material costs (+3.6% y/y), plus a mid-range increase in residential costs (+2.2% y/y), are being offset by a significant decline in engineering/civil costs (-3.2% y/y).

The divergent performances result primarily from: 1) demand/supply factors driven by activity levels in each of the three main type-of-structure sub-categories; and 2) different weightings of material inputs to build houses versus office buildings versus roads and highways.

The material composition of residential construction has a large forestry component, although domestic lumber prices are also affected by housing starts south of the border.
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U.S. and Canada December Jobs Reports Should Quell Some Jitters

Friday, January 8th, 2016

Article source: CMDGroup

According to the Bureau of Labor Statistics (BLS), the U.S. economy recorded its second-best month for jobs-growth last year in December, +292,000. Only October’s +307,000 was better.

 

2015 ended with a gain (+292,000) that was considerably above the monthly average for the year as a whole (+221,000). There is speculation by some analysts that December’s strong result may have been aided by weather that was unseasonably warm.

 

The final tally of the total number of jobs in America at year-end 2015 was ahead by 2.65 million compared with 2014. One big story has been the shift in the composition of those jobs. According the ‘household survey’ of employment, all of the grand-total increase came in full-time work. The total number of part-time jobs contracted slightly.

 

Earlier, after the Great Recession, concern was often expressed that while the jobs picture was improving, too often the work being offered was of the poorer quality, lower-paying and less-stable part-time variety. This dilemma appears to have self-corrected in the latest 12 months.

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