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Housing starts fell in July: CMHC$ ^6 B' e- b4 ?* W( p$ i8 d9 B
(CP) – 41 minutes ago" Z6 @; L! p: z6 e2 L: _9 s
OTTAWA — Housing starts declined last month from where they were in June but are expected to rise later this year, Canada Mortgage and Housing Corp. said Tuesday.- _( S5 o( O. }2 y3 \2 J! S
Housing starts fell to 132,100 units in July from 137,800 units in June, on a seasonally adjusted annual rate, mostly because of the multiple-units segment that includes condos and apartment buildings.: N. Y- x- Q3 z
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
) d/ S# D0 F- Z5 u7 j"Although July registered a decline, housing starts are expected to improve throughout 2009," said Bob Dugan, chief economist at the corporation's market analysis centre.' n$ N% R% l( e9 U O' r& N- P
The agency predicted that over the next several years housing starts will gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year.
8 `; t! [" ~6 I0 J/ ?/ c) P1 SHousing starts this year are down sharply from 2008 and 2007, when builders and buyers responded to a strong economy, low interest rates and years of pent-up demand.9 e6 X9 X1 o1 R" r5 O
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.6 E: x$ t8 P) _8 F% P* |$ B$ N
It forecast 160,250 starts this year and about 163,350 for 2010.
/ z* Q8 O. y3 K. ~- z! r- }Urban starts on a seasonally adjusted basis fell 5.5 per cent in July to 113,500 units, with multiple starts down nine per cent and singles off 1.1 per cent." e5 p) l( A& F7 O
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
7 u( n0 T7 c, R$ SStarts in Quebec rose 16.6 per cent in July, while they fell in other regions, including a 15-per-cent drop in Ontario. |
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发表于 2009-8-11 07:07
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发表于 2009-8-11 07:13
