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Forecaster Charts & Tables
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Demography, infrastructure, building product costs and wages are also determinants of the construction sector’s health.
Canada 'Real' GDP Growth, Y/Y & Q/Q
![These outsized percentages are somewhat misleading. They are the quarter to quarter changes annualized (i.e., essentially Q/Q multiplied by four). The official figure for full year 2020 was -5.2%.](https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/12/GDP-Canada-US-2-1200px.gif)
Data source: Statistics Canada Table 36-10-0104-01 / Chart: ConstructConnect-CanaData.
U.S. 'Real' GDP Growth, Y/Y & Q/Q
![Shaded blue box numbers are Q/Q annualized (i.e., essentialy multipled by 4). The -3.4% annual decline in 2020 was the steepest since 1946 (-11.6%) when weaponry production was winding down after WWII. In 1932, during the Great Depression, GDP fell -12.9%.](https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/12/GDP-Canada-US-1-1200px.gif)
‘Real’ is after adjustment for inflation.
Data source: Bureau of Economic Analysis (BEA) / Chart: ConstructConnect-CanaData.
Household Savings Rate in Canada
![With less spending on travel, entertainment, etc. when the pandemic first flared up, the savings rate skyrocketed, which has helped fuel housing demand (through a faster accumulation of down payment amounts) and a host of consumer purchases. The latter has led to supply shortages and an acceleration in prices (i.e., inflation).](https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2020/12/Savings-Rates-Dec-21-2-1200px.gif)
Data source: Statistics Canada/Chart: ConstructConnect — CanaData.
Personal Savings Rate in the U.S.
![With less spending on travel, entertainment, etc. when the pandemic first flared up, the savings rate skyrocketed, which has helped fuel housing demand (through a faster accumulation of down payment amounts) and a host of consumer purchases. The latter has led to supply shortages and an acceleration in prices (i.e., inflation).](https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2020/12/Savings-Rates-Dec-21-1-1200px.gif)
Data source: Bureau of Economic Analysis/Chart: ConstructConnect — CanaData.
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