News in end use


Canadian Gross Domestic Product Grew 0.7% in November

According to Statistics Canada (StatCan), Canada’s real gross domestic product (GDP) grew 0.7% in November, following a 0.4% increase in October. Marking the seventh successive month of gains and helping to offset the steepest drops on record in March and April.

Year-Over-Year Total Construction Spending Increased 5.7%

The U.S. Census Bureau is reporting that total construction spending during December 2020 was estimated at a seasonally adjusted annual rate of $1,490.4 billion, 1.0% above the revised November estimate of $1,475.6 billion. The December figure is 5.7% above the December 2019 estimate.

Housing Helped U.S. GDP Recover and Grow in 2020

An in depth look, provided by the National Association of Home Builders (NAHB), on buildings impact on the Bureau of Economic Analysis (BEA) Q4 2020 Gross Domestic Product (GDP) report, reveals that housing was one of the bright spots in the overall US economy.