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EDMONTON JOURNAL MAY 8, 20137 a' E- b/ c7 M) H- V* f
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier. B" U# ? U, v4 c4 E
Photograph by: John Lucas, file , Edmonton Journal
% Q, J2 S- e3 i, k) U$ _% cEDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.
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Builders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier., C! Q$ T8 N) k( W8 g$ t$ a. z
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.
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“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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$ h$ m$ S0 d% i( uIn Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year. B" _% Q0 l+ d
) V# J: l2 |9 c7 w& |The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.8 z, l2 s2 _' W N
4 r, p4 G4 M7 i( A" }Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.+ E8 Y! L' K' W$ c$ P& U' B6 D
* P9 s4 F: I7 T' V& S& IConsumers remain confident despite a moderating pace of economic growth, he said.
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+ X3 G: V: e) K- P0 V% S7 r“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.
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' L# m) f& Y' q+ d0 q© Copyright (c) The Edmonton Journal |
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