The latest permit data indicate that condo developments continue to be the main source of strength in new housing construction, which has showed little sign of slowing. Given the lengthy construction timetables of condo buildings, the considerable amount of construction work currently underway will continue to bolster GDP growth in the current quarter and possibly through the second half of the year as well.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.