In the long term, the new infrastructure bill will drive GDP growth and job creation, with both boosting demand for real estate. Additionally, existing communities will improve and new communities will be created with the investment in roads, bridges and public transportation … READ MORE >
Blog
Chart of the day: U.S. consumer confidence inches down
Consumer confidence inched down in November to 109.5, the lowest since March, as inflation continued to take its toll. … READ MORE >
Biden’s $1.2 trillion infrastructure package and the construction industry
The new legislation offers construction a sustained capital infusion over the next five to seven years that will provide longer-term opportunities for growth, while helping to shore up America’s aging infrastructure. … READ MORE >
Canada’s GDP rose at 5.4% annual rate as economy reopened
Canada’s gross domestic product grew by a strong 5.4% in the third quarter on an annual basis and by 1.3% from the previous quarter as spending on in-person services rose … READ MORE >
Trade in 2022: Supply chain challenges and policy implications
Nearly two years after the pandemic shut down the global economy, policymakers are facing a new challenge as global supply chain bottlenecks push up inflation and hamper economic growth. How countries confront these disruptions will have a big impact on economic growth in the coming year. … READ MORE >
Pending home sales in October rebounded to highest in 2021
Pending home sales rebounded by 7.5% in October following a small decline of 2.4% in the previous month, continuing their rise from the recent low in April. … READ MORE >
RSM US Manufacturing Outlook Index: November was a good month
The RSM US Manufacturing Outlook Index in November reached its highest level since the spring, indicating a sustained economic recovery should the health crisis not get in the way. … READ MORE >
Chart of the day: A look at the strategic petroleum reserve
With roughly 1.05 billion barrels in reserve, some of which are used to meet basic demand each year during hurricanes or other periods of stress, the United States is not in a position to influence oil prices beyond the near term by releasing a portion of the strategic petroleum reserve. … READ MORE >
The U.S. infrastructure package is a call to action for Canada
The infrastructure package recently signed into law in the United States will lead to increasing productivity and innovation, but it also has the potential to widen the gap between the U.S. and Canada economies. … READ MORE >
Personal spending and income rose in October, beating expectations
October’s personal income and spending data released by the government on Wednesday gave more reasons to end the short Thanksgiving week on a good note. Personal income rose by 0.5% on the month, beating expectations of a 0.2% increase, … READ MORE >