Source: Rouse/Ritchie Bros.
Summary
Q4 2024, construction and transportation prices in the U.S. remained about the same as the previous quarter (Q3 2024). On balance, values for construction remain elevated against “prepandemic” (2019) levels, while transportation values remain slightly higher than “pre-pandemic” (2019) levels. Construction prices in Q4 in Canada decreased by 1% from last quarter (Q3 2024), while transportation prices decreased by 7%. On balance, both construction and transportation values in Canada remain elevated against “prepandemic” (2019) levels.
Construction Prices in the U.S. remained about the same as in the last quarter (Q3 2024). On balance, values remain elevated against “pre-pandemic” (2019) levels. This is a notable change as values had steadily declined over the prior ~three years.