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Housing starts fell in July: CMHC% b1 j) r, ~7 p+ H& K
(CP) – 41 minutes ago! E& F# |6 V. {: b
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.
) C+ p$ S7 c; {* Z, eHousing 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.3 f9 h @0 q% r' [3 P& d
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.' X1 g6 Y, m- h
"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.# b! Q. H8 k# k- b7 `9 W6 j6 M4 I
The 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.6 n; f2 r. l( v' X7 s$ I$ P. u) r
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. n- j) \6 h4 @
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.; c A/ b3 u/ E$ V' i
It forecast 160,250 starts this year and about 163,350 for 2010.
9 Y) D$ r4 [, r7 P! ]3 e1 m1 B, UUrban 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.
, o! b* \6 h1 C4 B( t5 W- wRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
/ O/ p$ ]8 p4 }& j; C9 lStarts 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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