Mann at WorkReed 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. RSS FeedRecent Posts
ArchivesBlogFriday, May 11, 2007An Up and Down Week for the EconomyMay 11 2007 12:16PM | Permalink | Email this | Comments (1) | It’s been a busy week for construction-related market statistics and economic news. Here’s a quick summary.
Elsewhere on BuildingTeamForecast, Jim Haughey writes that the year-to-date value of construction starts through April 2007, excluding residential contracts, totaled $97.355 billion, 21.7% higher than in 2006. Advance retail sales figures decline in April Canadian unemployment rate remains at historic low Canadian housing starts slump in April Actual single starts in urban areas were 14.5% lower than they were a year earlier, while actual urban multiple starts were down 4.7%. The CMHC attributes the larger decrease in single starts to a growing interest in less expensive multiple units. Fed leaves benchmark interest rate at 5.25% Statistics Canada’s New Housing Price Index rises slightly Canadian imports and exports set record highs Canadian companies exported $40.6 billion CDN worth of merchandise goods in March, up 1.4% from the previous month. Imports were up 3.3% in March, to reach a record high of $35.9 billion. U.S. exports climb $2.2 billion U.S. in March The total goods and services deficit for March stood at $63.9 billion, up from $57.9 billion in February. Year over year, the goods and services deficit was up $1.6 billion from March 2006. The February to March change in exports of goods reflects increases in automotive vehicles, parts and engines; industrial supplies and materials; and consumer goods. The same three sectors also saw increases in imports of goods. Reader CommentsPost a comment |
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