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Housing starts fell in July: CMHC3 _- M6 {9 e; }8 e2 p" c
(CP) – 41 minutes ago2 \- g6 k( l% g; a) T3 f
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.- ~. z& S6 u5 B: w: g! m' w
Housing 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.; B- v* y6 S( r" ^, [/ F6 k
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month./ ~7 x8 O N* b! w$ C3 T
"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.3 R; r8 Y1 I, _; t
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.
4 }* j( G; i+ s/ p" FHousing 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.' w8 t: T1 O2 }& y6 T2 t" \. [
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
5 {- F; W4 h9 i& R5 |5 ^! jIt forecast 160,250 starts this year and about 163,350 for 2010.
7 Z0 ~/ A* q a: V1 |Urban 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.
; i' e3 ^0 r: P4 W1 k) v, HRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
6 [: g6 Q. T6 ]* }5 z# TStarts 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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发表于 2009-8-11 07:13
