Newfoundland and Labrador Total residential and non-residential investment in building construction
Newfoundland and Labrador Total residential and non-residential investment in building construction
Over a ten-year period between December 2011, and April, 2021 Newfoundland and Labrador went from $154,589,641.00 in Total residential and non-residential construction expenditures to $81,392,585.00 in Total residential and non-residential spending.
Newfoundland and Labrador constructions spending peaks in the summer to early fall and the pre-covid peak spending on August 2019 for Total residential and non-residential was $141,354,391.00. As of July 2, 2021 and according to the graph below, the construction industry in Newfoundland and Labrador seems to have recovered.
Comparing peak periods of August Total residential and non-residential spending for
2011 we have: $213,057,498.00
2016 it is: $141,242,012.00
2019 was: $141,354,391.00
And 2020 at: $187,382,823.00
In the past 10 years of seasonal peaks (August), Newfoundland and Labrador has an average annual growth rate of - 2.671% in Total residential and non-residential expenditures.
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