Commercial Construction Cost Trends 3rd quarter 2008

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.