housing_construction

US Housing Starts Surge to Fastest Pace Since April

2 months ago

Recently, there has been a noticeable increase in the number of housing starts in the United States. Amid a trend of real estate market recovery, August recorded the fastest rate of construction growth since April of this year. According to the latest data, the adjusted rate of housing starts in August stood at 1.63 million units on an annual basis. This figure is 12.5% higher than July's numbers and 9.3% above August of the previous year.

Canada Faces Challenges in Achieving Housing Goals Due to Labor Shortage

3 months ago

According to a study conducted by the financial organization Desjardins, Canada is unlikely to meet its ambitious housing construction goals due to a labor shortage. The research indicates that despite the country’s growing population and the government’s desire to build more affordable housing, the lack of skilled workers represents a significant barrier to the national housing program.