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Housing starts fell in July: CMHC g4 M, h1 q7 s7 q3 _
(CP) – 41 minutes ago2 [% B$ W' q, C$ _2 S& Z
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.
3 ~6 H) x9 Z; J8 a. PHousing 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.: N) i$ y7 r6 c9 r6 ]
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.7 L* c! [: u+ S" l& d
"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.
$ T: h- e6 S! T4 ?1 EThe 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. {, p- U- q* x9 b1 }2 H
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.% b: c' y2 l" x, z# {
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.. w! R7 P) Y# X4 k8 ^' W' l% m
It forecast 160,250 starts this year and about 163,350 for 2010./ Z' w7 `% _ w0 B" G
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.
$ ~- W( x& w4 s# B" V! Z( gRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
4 ?; J8 v5 B6 h; RStarts 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
