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EDMONTON JOURNAL MAY 8, 20136 p7 }# Q8 b% K$ j4 Z2 f5 ]/ j
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
4 f6 Y. u9 E, a- I& d. ]% VPhotograph by: John Lucas, file , Edmonton Journal
( Q) M, g ~( q9 MEDMONTON - 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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) Z h7 o, y# L6 J/ l0 wBuilders 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.
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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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In 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.
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* ?" Q8 y* P$ P# R& CThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch., R8 O1 {9 J: h
( T: y& P; ~$ m% B- [, BConsumers remain confident despite a moderating pace of economic growth, he said.9 j3 D, A( G9 D5 C0 R. X7 J
Q7 I$ Z, y' s/ S' G: }' e, t* o“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./ U1 D1 i% S* P/ g+ n- V; P; m
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