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Housing starts fell in July: CMHC
+ W% \# g' _2 ?(CP) – 41 minutes ago) B# e; i, [0 B7 k. y
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.% \+ ]& R4 A6 R. v
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.9 R* X/ I) ^: W! G$ |
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.5 {8 w; E, W% 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.
1 o2 j4 ~, T! E* t( t4 j6 u% j7 tThe 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.% N: h4 ?8 D. P" x! G
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.# {6 D% X5 N/ [
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.' g0 u. F7 x8 z3 s- W- w
It forecast 160,250 starts this year and about 163,350 for 2010., {* H# \# K5 \: v- M/ c/ _8 M* |+ X
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.
: V- U- a/ d! FRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
) {8 |% k6 X; K, K. Z* PStarts 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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发表于 2009-8-11 07:13
