Non-residential building construction price index, fourth quarter 2017
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Prices for new non-residential building construction were up in all seven census metropolitan areas surveyed. Contractors reported rising costs for lumber, concrete formwork, plastic, copper and fuel-related inputs. Rebuilding activities in the United States after an active 2017 hurricane season contributed to higher prices for these materials. From August to October, four hurricanes made landfall in the United States causing widespread damage.
Over the four quarters ending in December, contractors' prices for new non-residential building construction rose 3.1 percent. Higher prices in Vancouver (+5.9 percent) and Montréal (+4.4 percent) led the increase.
