Q4 Prices for Non-residential Building Construction Rose 0.8%

economy

February 22, 2018

Contractors’ prices for new non-residential building construction rose 0.8% in the fourth quarter. Higher prices to build industrial (+0.9%), commercial (+0.7%) and institutional (+0.9%) structures all contributed to the gain.

Prices for new non-residential building construction were up in all seven census metropolitan areas surveyed, led by Vancouver (+1.6%) and Montréal (+1.2%). Contractors reported rising costs for lumber, concrete formwork, plastic, copper and fuel-related inputs. Rebuilding activities in the United States after an active 2017 hurricane season contributed to higher prices for these materials. From August to October, four hurricanes made landfall in the United States causing widespread damage.

Non-residential Building Construction Price Index, year-over-year change

Over the four quarters ending in December, contractors’ prices for new non-residential building construction rose 3.1%. Higher prices in Vancouver (+5.9%) and Montréal (+4.4%) led the increase.

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/180213/dq180213d-eng.htm

Photo source: Pexels

Related Articles

Changing Scene

  • SATCO Welcomes Debby Hite as Brand Loyalty Marketing Manager

    SATCO Welcomes Debby Hite as Brand Loyalty Marketing Manager

    SATCO Products, Inc. is pleased to announce the appointment of Debby Hite, an industry veteran with more than a decade of experience helping manufacturers and distributors strengthen channel relationships through strategic engagement and program development. Hite brings extensive experience connecting business strategy with execution, creating initiatives that support distributor partnerships, motivate sales teams, and drive… Read More…

  • SATCO Welcomes Janet Cecchettini as Director of Education

    SATCO Welcomes Janet Cecchettini as Director of Education

    SATCO Products, Inc. is pleased to announce the appointment of Janet Cecchettini, LC, MIES, as Director of Education. A Lighting Certified (LC) professional, Cecchettini is known for designing and delivering impactful learning programs for the lighting industry. She is passionate about just-in-time education that supports knowledge retention and professional growth—ranging from foundational training for industry… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound