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Housing starts fell in July: CMHC3 p9 A, ^+ B5 z7 b8 r: L4 @
(CP) – 41 minutes ago O- g+ Z. P6 Z2 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.+ Q: r3 f; m* T. F0 t. g9 H: W7 G
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.1 \1 J# U( w, D0 |3 P1 k2 Q7 f
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
! x0 G+ v R4 g; f"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." g6 H' j$ }. f& z5 [; B4 E
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.
* j/ U- m2 X* bHousing 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.
' Q1 Y2 V1 p5 Z, ]0 h6 ]) wThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
+ |. V" w6 s7 m2 O& @+ C2 r tIt forecast 160,250 starts this year and about 163,350 for 2010.; ~5 n: N3 ]( H3 x0 @
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.
/ }4 @7 d" v/ ]1 j: ~/ xRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
! n0 M2 A$ C2 L! 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
