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Housing starts fell in July: CMHC/ L- K: H. C5 V6 n: N
(CP) – 41 minutes ago: X' [2 ^ q( o8 F3 _" C% I+ q
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.
) M, z7 p4 D- T% c' f" K8 v4 ?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.
( C' p+ \9 x6 g4 qIn July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
: |4 r( n& C% `: E$ |+ c"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.) `9 Y) C; ^/ }9 l4 U" C2 R& ]
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.( g/ ^* R* 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.2 J9 U ]3 K& r- A
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
7 y/ b! Y2 o( b# R, UIt forecast 160,250 starts this year and about 163,350 for 2010.
5 b+ R- k) K5 G" K/ `( R( KUrban 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.
' X% ?) m/ F2 Q4 P0 eRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
& _7 j9 @, l" B+ |) C: p6 S1 nStarts 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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