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; O2 B3 x+ o! x4 [- O2 J( `1 EEDMONTON JOURNAL MAY 8, 2013
7 _4 {/ k( }; U7 @. UHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.* L6 M7 W! ~7 K9 i
Photograph by: John Lucas, file , Edmonton Journal/ d+ O. g+ d( N/ ^) q
EDMONTON - 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.$ L0 C) K2 t% c8 F( s; p! ]5 ^
! I/ T5 q! Q. NBuilders 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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: H8 G) P% v, r& B' W& jHousing 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.# K8 m0 l( g* S% U
) q# g7 n: t1 X" b: H9 M4 T7 ^5 m“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.”2 \7 C: X5 K8 p
1 c+ R9 z- h2 p5 K' k% s6 w! VIn 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.5 {1 Q7 R6 Q6 V. o2 Q" m9 |" L
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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.2 y8 p- _0 g5 u+ L5 \; G0 h) K
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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.
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Consumers remain confident despite a moderating pace of economic growth, he said.
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P0 ]" ~% I, q" H( J9 s/ B“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.) w- u" A/ b* _1 Q
" I% f+ Z3 ]8 [5 B2 L3 ^© Copyright (c) The Edmonton Journal |
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