Reversing the downward trajectory that began in February, investment in building construction rose on a national basis as the summer came to an end.Reversing the downward trajectory that began in February, investment in residential construction rose 1.6% on a monthly basis to $11.9B. The single-family home component increased 2.4% to $5.9B, while investment in multi-unit construction rose 0.9% to $6.0B.
Overall, five other provinces saw total investment in residential building construction rise on a monthly basis in August, including Ontario and Alberta , and six more experienced declines.While investment in the residential sector spiked, activity in the non-residential sector was relatively muted as the summer came to an end.
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