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Housing starts fell in July: CMHC+ }" h: _! ?/ F3 [) G6 |
(CP) – 41 minutes ago
- ^2 l* P9 `0 e) {3 IOTTAWA — 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.
" m8 X2 r% ^ {5 w3 j' l, d! kHousing 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./ c* l3 t" B2 T. Z D
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
2 h. Y, j& T+ C6 o"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.7 Q- J4 W' Y; ]+ L) b1 U6 _+ k
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.4 j- j0 [- Z- G1 c5 U
Housing 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.4 v! ] u) _. W+ y7 D' V5 @
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
7 W% B2 n* \* {9 L" kIt forecast 160,250 starts this year and about 163,350 for 2010.( C0 F1 G% [9 h t
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.- Y- x. g I6 e, W% Z
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
& o! ]- Z# G& {) Q* |Starts 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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