 鲜花( 26)  鸡蛋( 0)
|
Housing starts fell in July: CMHC( d$ K) R% i4 y; w, T: C
(CP) – 41 minutes ago" @# l4 w+ y; 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.
8 ~6 \7 B4 e9 G$ o" wHousing 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.
4 B$ S' g; A4 V; oIn July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.$ ?0 P6 O( f( a* N/ E& S0 A% 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.
+ f) J1 N, K& T$ b. ^+ n* IThe 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.
) C2 h( t7 K' D8 rHousing 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.
; N$ |/ W, p% f7 |- wThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.8 B& F2 s$ A; n& c- R9 C @
It forecast 160,250 starts this year and about 163,350 for 2010.
0 W! }! o/ M9 c! Z$ h0 o" y5 xUrban 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.. W+ H" W# ^2 S% y8 e( s
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.$ C, k: R9 S$ w9 D. _; x
Starts in Quebec rose 16.6 per cent in July, while they fell in other regions, including a 15-per-cent drop in Ontario. |
|