Mortgage Crisis Threatens Higher Inflation
9/24/2007 8:51:00 AM - The 0.5% cut in interest rates by the Federal Reserve Board on September 18th produced an instant drop in the price of long-term Treasury Bills and a corresponding instant rise in long-term interest rates. This rise reflects the changed expectations for inflation in financial markets. Inflation is now expected to be several tenths of a percent higher over the coming years than it was before September 18th, paralleling the increase in the yield from 4.5% to 4.7% for the 10-Year Treasury Bill.
Coast to Coast: September 2007 Report on Canadian Construction Projects
9/27/2007 7:01:00 AM - While September's report covers construction projects from Newfoundland to Alberta, the focus is again on British Columbia, where mixed-use projects and wind farms are in the news.
Construction Materials Prices Fall 0.8% in August
9/24/2007 6:24:00 AM - Construction materials prices declined 0.8% in August from July, cutting the year-over-year increase to only 1.5%. More declines in the price index are expected in the next few months until homebuilders need to raise their purchases. Facility planners and contractors now have more cost risk from accelerating wage rate gains than from higher-than-expected materials cost. Reed Construction Data expects weak materials pricing will terminate around yearend, when total construction spending is again expanding.
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Reed Construction Data Chief Economist Jim Haughey discusses how current developments in construction markets and the ecomony will bring opportunities and challenges for designers, contractors, and materials and services providers. His reports will cover near-term building demand, cost and financing changes, and will provide early notice on changes in the detailed two-year construction forecasts elsewhere on this site. Feedback and questions from readers are encouraged. Click here for Notes from Jim Haughey |
Reed Construction Data editor Denise Mann gathers North American construction-related economic announcements from around the Web and summarizes them just for BuildingTeam Forecast readers. Your feedback and suggestions for future topics to be covered are always welcome.
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RSMeans Construction Cost Index (CCI) � U.S. 30-City Average � January 2007
Materials Costs Set to Resume Rising (Construction Materials Prices Update)
