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s* S* Y$ x7 S, `0 PEDMONTON JOURNAL MAY 8, 2013' @' U4 F* ?, t/ `3 z% B
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.) `& E ]& M# @2 h' ~0 J$ `8 ~8 B
Photograph by: John Lucas, file , Edmonton Journal
" Z3 F O( w* a/ r$ V0 H1 M( Q8 A. FEDMONTON - 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.$ j+ c9 m( q7 s3 J: d( ], G9 X
: V! \9 o) e6 W: h, `8 {Builders 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.& F) z( \7 D4 R N3 X$ K5 L
- N$ X. j$ M3 u: H“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.”# W- O B. W) K
$ N& Z, ?8 Y) K7 a9 J9 x) LIn 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.: R% [$ T, o; p0 j$ H
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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March., N% u6 \6 w( x0 [
( \7 e" g$ i5 N0 P2 ]! [Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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Consumers remain confident despite a moderating pace of economic growth, he said.
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“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." G! `3 _" N" b
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