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Housing starts fell in July: CMHC8 I, A" y' c9 k e, G
(CP) – 41 minutes ago
2 G' i* Q. [" ]$ k0 N* G1 x& }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.* {# Z8 S8 q3 r2 N l
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.; v& s- ^1 S8 M, j' w& I
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.1 y6 K2 F; p' C$ G
"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.6 M+ D% q9 i7 E. F! h) J
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 f) F; r/ v+ G1 q c) qHousing 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 ] C5 o. S; j4 m" e) g; f2 e, nThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.( S, n5 k7 d2 O" L$ ^8 ^* L) q
It forecast 160,250 starts this year and about 163,350 for 2010./ D/ K' x Y9 T7 G; q" S
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.
' {7 `! k: n0 I& P2 ERural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
0 b" j, b. S$ DStarts 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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