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Housing starts fell in July: CMHC; j! @* s/ T5 w0 T+ ]; g$ d
(CP) – 41 minutes ago/ b2 E. g0 P% [, n6 [
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 b! q& U6 _, _/ f* A- lHousing 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.) _* [, C* N* u( @1 v
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
( i* a# d( X7 q! _"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.
/ @; c o. p, _" FThe 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 _) r. D6 V) V0 e5 ^: p- U
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.
" e- R4 Y( {9 a4 cThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.6 ]6 t y2 A( D; z
It forecast 160,250 starts this year and about 163,350 for 2010.
" F( ^" g8 `" Y9 Y( z4 f' eUrban 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.! Q0 w/ }& _8 w/ N$ e" e
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
* \& K. O& s/ x& ^6 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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发表于 2009-8-11 07:13
