Commercial Construction Cost Trends 3rd quarter 2008

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The data is provided by MSB.

Key Cost Trends in Canada
The average wage rate increased by 0.9% for the quarter and 3.6% for the year. The average material cost increased by 0.3% for the quarter and decreased 1.3% for the year.

Lumber - Lumber prices decreased 2.6% for the quarter and 7.8% for the year.
Plywood - Plywood prices decreased 2.6% for the quarter and 4.5% for the year.
Drywall - Drywall increased 0.4% for the quarter and 0.4% for the year.
Asphalt Shingles - Asphalt Shingles increased 0.1% for the quarter and decreased 2.2% for the year.
Ready Mix - Ready Mix decreased 0.4% for the quarter and increased 0.3% for the year.
Copper Pipe - PVC Pipe prices remained unchanged for the quarter and decreased 5.3% for the year.
Structural Steel - Structural Steel increased 6.2% for the quarter and 8.8% for the year.
Reinforcing Bars - Reinforcing Bars increased 8.0% for the quarter and 11.3% for the year.
Steel Deck - Steel Deck decreased 0.3% for the quarter and 1.7% for the year.

It is a history now. Financial crises is coming. How about the 4th quarter 2008?

I think it will be a decrease and big decrease next year.



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