Market Intelligence News Archive

Québec mini-budget cuts taxes and boosts investment to avoid recession
11/10/08 - read more >>
Short Term Credit Being Fixed; Long Term Credit Still a Problem
11/10/08 - The credit freeze severely disrupted the short term credit market, created fears of a disastrous economic collapse and briefly interrupted spending due to cash flow shortages. That situation is being progressively repaired as described in earlier postings. The impact on the long term credit market was much less severe but much less progress has been made repairing that damage. Long term credit problems are potentially a much bigger depressant on construction spending for a much longer time. read more >>
Housing starts set to decline for a few more months
11/07/08 - read more >>
Contractors drop 99,000 jobs in October jobs report
11/07/08 - Contractors cut 49,000 jobs in October and September’s job count was revised down 50,000. More cuts are ahead, although smaller, for many months because the construction labor market has weakened substantially. However the ugly September-November period is an overestimate of the construction market weakness in 2009. The abruptness and unique nature of the credit freeze concentrated cutbacks in an unusually short period at the onset of this recession. read more >>
Shares, Stock, Equities - By Whatever Name, It’s been a Wild Ride
11/07/08 - read more >>
Canada’s Economic Outlook – Let’s not be Naive
11/07/08 - read more >>
Flexibility and Availability Wherever the Jobsite
11/07/08 - read more >>
Top 10 and Trend Graph – October 2008
11/07/08 - read more >>
Plunging tax receipts threaten public construction funding
11/06/08 - State tax receipts for the July-September quarter were essentially unchanged from a year ago but down 2.6% net of inflation in a preliminary report from the Nelson A. Rockefeller Institute of government. The drop will expand considerable in the 4th quarter and continue for several more quarters. Construction spending on public works and public building projects, unless bonded or financed by user fees, will have to be cut back. These cutbacks have begun and will get bigger until well into next year. read more >>
Deteriorating U.S. outlook does not bode well for Canada
11/05/08 - read more >>
Construction Jobs
11/04/08 - read more >>
Obamanomics
11/03/08 - Senator Obama holds about a 6% margin in the latest election polls and appears likely to succeed President Bush but do not expect the change over in Washington to have much impact on the economic environment for construction until the second half of next year. The federal government moves very slowly. Obama’s promised tax and spending changes will not be legislated until at least late spring and could be delayed more than year because of the huge recent rise in the federal deficit. The checks will not be in the mail for a long time. read more >>
Canada’s economy gets two so-so rankings – again
11/03/08 - read more >>
Southeast has the most intense housing development
11/03/08 - read more >>
US Metro Housing Markets – September 2008 – Cities 301-360
11/03/08 - read more >>
US Metro Housing Markets – September 2008 – Cities 201-300
11/03/08 - read more >>
US Metro Housing Markets – September 2008 – Cities 101-200
11/03/08 - read more >>
US Metro Housing Markets – September 2008 – Cities 1-100
11/03/08 - read more >>
Off-set Your Jobsite Storage Costs
11/03/08 - read more >>
Oct 08 Regional Economic Growth
10/31/08 - read more >>
Ranking States by Recent Economic Performance — October 2008
10/31/08 - read more >>
Construction Materials Prices rise 0.5% in September
10/31/08 - read more >>
Recession will cut construction demand relatively modestly
10/30/08 - Today’s GDP report confirms that a recession has begun. The 0.3% decline matched the Reed Construction Data forecast for the 3rd quarter so the forecast is unchanged through 2010. Expect a three quarter recession with GDP dropping 0.5%, similar to the 2001 recession but less than the severe recessions in the early 1990’s (2.1%) and in the early 1980’s (2.2%). Already we are hearing from contractors who had had expected projects delayed and ongoing work slowed or stopped. read more >>
Europe’s economic outlook takes a definite downturn
10/30/08 - read more >>
The Federal Reserve Does as Expected – Cuts Federal Funds Rate by 50 Basis Points
10/29/08 - read more >>
Financial fix still working
10/28/08 - The worldwide financial fix is progressively working even though many of the announced efforts to pour cash into the financial system are yet to be put into place in the next few weeks. Bank lending is gradually expanding and credit rates are inching lower. There is clearly less panic since the worst fears of massive losses outside of the financial system have not occurred. Reed Construction Data is keeping the forecast of a relatively modest economic recession with less decline in construction spending ahead than what has already been experienced in the last three years. read more >>
The Outlook for Canada’s Construction Markets heading into 2009
10/28/08 - read more >>
Bank of Canada cuts 2009 GDP forecast by almost 75%
10/27/08 - read more >>
Open Market Transactions versus Printing Money
10/27/08 - read more >>
Commodity Price Bubble Bursts – Construction Costs Receive a Reprieve
10/24/08 - read more >>
When it comes to energy investment, Alberta is losing some of its lustre
10/23/08 - read more >>
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