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Housing starts fell in July: CMHC
+ F$ z8 t$ c4 x9 A5 h9 B(CP) – 41 minutes ago' P3 \" j; Y3 A3 f& F+ V# ?& h
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.
' e: _+ w( t" e/ S5 g% A% 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.
! a' ^. U" q2 N* K; \In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
. K( B: u) b/ {) V"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.
5 E7 ] T$ `$ y! `6 g& R1 t2 ?- S NThe 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.* w3 { E" x, W, y( y) m" z
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.
- }8 m3 }% i) {5 AThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
: p y$ Q9 G: h- z4 I6 ?It forecast 160,250 starts this year and about 163,350 for 2010.
, U; i" L8 ^2 t m( ^- X3 VUrban 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 O! F# C3 M, T
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
q/ z- | [5 K, yStarts 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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