The boom
in housing construction over the last couple of years has also had flow - on effects to other parts of the economy, including construction - related manufacturing businesses.
Strong consumer spending and the rise
in housing construction activity are currently the prime factors for the incredible rebound of the U.S. industrial real estate sector, and experts say as home buying continues to increase, so will demand for...
September heralded the biggest drop
in housing construction in the country — that, combined with a bleak outlook for the oil sector, has left a cloud over the province.
«With the energy sector still challenged by soft global growth and oversupply, and the
upside in housing construction now limited, Canada needs to see a rotation towards non-energy exports.
In the housing construction industry, forward indicators continue to suggest a mild easing in activity later in the year, though its extent will be mitigated by a large stock of work yet to be done and strong demand for renovations.
This was a result of several factors: solid business investment in the second half of the year, some further
growth in housing construction, and particularly strong growth in household spending during this period.
The lending news could disappoint economists looking for a
pickup in housing construction and new - home sales this year that could drive growth as other segments of the economy are showing signs of rebounding after a winter lull.
We need a housing supply of over 6 months to have a generally balanced market between home buyers and sellers, but it's unlikely we'll get there without greater
increases in housing construction,» Yun said.
Growth has moderated somewhat from its rapid pace in early 2004, as activity
in housing construction and consumer demand start to cool.