Canadian building permits rose by 6.8% in November to an all-time-high of 11.2 billion CAD, the third straight monthly increase amid strong demand for residential housing, according to data released by Statistics Canada on Wednesday. All of the gains came from the residential sector, which increased by ... READ MORE >
building permits
Chart of the day: Housing starts lag as permits rise
Mixed results came from the housing sector in October as housing starts inched down by 0.7% while building permits rose sharply by 4.0%, according to data from the Census Bureau on Wednesday. Because both are proxies for the future supply of houses, we continue to see that supply has somewhat ... READ MORE >
Building permits in Canada continued to fall with material shortages
The value of building permits in Canada decreased by 2.1% in August from July to a seasonally adjusted 9.66 billion Canadian dollars as developers continued to feel the effect of supply and labour shortages. August’s decline, which fell short of forecasts, continued the downward trend from the peak in ... READ MORE >
Home builders, facing shortage of materials, can’t meet soaring demand
Even as the housing market continues to lead the economic recovery in the United States, home builders, whipsawed by more than a year of dramatic changes fueled by the pandemic, are facing new pressures as they try to meet surging demand. Already, builders have been scrambling to find enough workers to ... READ MORE >