Economy
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/e1f5b3c90a48a0f6c33fb5af41763557.jpg)
Canadian Building Permits Fall in November
Written by Sandy Williams
January 9, 2014
Canadian building permits declined in November to 18,173, falling 3.6 percent from October. The value of permits issued dropped 6.7 percent to $6.8 billion after gaining 8 percent the previous month. Permit values have been an upward trend with eight monthly increases in 2013.
In the residential sector, the total value of permits declined 7.6 percent to $4.1 billion in November. Permit values for multi-family dwellings fell 8.7 percent in November to $1.9 billion after posting two months of gains. Single-family dwelling permits fell 6.7 percent to $2.2 billion. A total of 18,173 residential housing permits were issued in November with multi-family falling 3.9 percent to 12,027 units and single-family dwellings down 3.1 percent to 6,146 units. Year-over-year, residential permits dropped 5.7 percent for single family units but rose 23.4 percent for multi-family units.
In the non-residential sector building permits dropped for institutional and industrial buildings, with total permit value in the sector falling 5.2 percent to $2.7 billion after rising 9.7 percent in October. Institutional permit values dropped 32 percent to $354 million. Value of industrial permits fell for the fourth consecutive month, edging down 2.2 percent to $455 million. Commercial building permit values rose a slight 1.8 percent to $1.9 billion after surging 25 percent in October.
The total value of permits dropped in 22 of 34 of the metropolitan areas covered by Statistics Canada.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
Metalformers expect steady conditions in coming months
Metalformers expect economic activity to stabilize over the next three months, according to the recently released July Business Conditions Report from the Precision Metalforming Association (PMA).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/construction.png)
Architecture Billings Index rises from 4-year low in June
The Architecture Billings Index (ABI) ticked up in June following May’s four-year low, according to the American Institute of Architects (AIA) and Deltek. While the index improved this month, it continues to indicate weak business conditions among architecture firms.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/FedRes.png)
Beige Book: Uncertainty to continue fueling slower economic growth
Growth in the US economy continues to be constrained. The Federal Reserve’s Beige Book report for July shows more areas reporting flat or declining economic activity than in its previous report at the end of May.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI, AISC, University of Massachusetts get ~$6.4M EPA grant
The American Iron and Steel Institute (AISI), American Institute of Steel Construction (AISC), and the University of Massachusetts at Amherst have received a grant to enhance emissions reporting for steel construction projects.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/empire_state_1-scaled.jpg)
Manufacturing activity in New York state continues to soften
New York state saw a continued decline in manufacturing activity in July, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.