One of the industries hit hardest by rising interest rates has been construction, and this slowdown now threatens to make Canada’s housing shortage more acute. But there are opportunities for savvy developers. … READ MORE >
nonresidential construction
Americans spent more on building homes than on building anything else for the first time in 14 years
In another sign of the housing market’s continued strength, U.S. spending on residential buildings—both private and public—increased by 0.4% in August to $795.5 billion, while nonresidential spending declined by 0.4% to $788.6 billion, on a seasonally adjusted annual rate. … READ MORE >