 鲜花( 26)  鸡蛋( 0)
|
Housing starts fell in July: CMHC# o5 _+ s, v7 m$ D# X
(CP) – 41 minutes ago! q) y/ J9 U$ m% M
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.' F0 A1 C6 o- H9 B. J
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# W; j' _( O
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
2 z, S. H' [) _6 X2 C"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.# F% G- J' T7 K: w' z) Y0 a
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 L- j9 P8 r: h7 z$ q$ h2 A
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.
" P7 {4 j6 P2 D1 }- `0 PThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.. P& \- I/ M9 |
It forecast 160,250 starts this year and about 163,350 for 2010., O- V& @. F. e$ g
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./ t4 _/ T+ K( V6 L" M
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
& c/ U7 c0 A3 G1 i. T4 bStarts in Quebec rose 16.6 per cent in July, while they fell in other regions, including a 15-per-cent drop in Ontario. |
|