 鲜花( 26)  鸡蛋( 0)
|
Housing starts fell in July: CMHC9 J+ a0 u$ _+ K' y+ O1 T* Z
(CP) – 41 minutes ago
6 l( M0 ^; e$ ]" g' qOTTAWA — 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.: u+ Z4 e) h5 v
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.
* K8 v, S. f6 z6 G. ?& A6 n, a2 qIn July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
/ N* l1 W9 F: _- K2 g" {" `"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.
8 q7 ~' S" [% a. `; N! s+ xThe 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.
2 y0 f3 V0 U" n8 `; U6 L2 e" MHousing 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.+ h% C1 P5 B% e. C2 `8 i- d
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.6 r0 Y" [. c6 J% f1 g+ _
It forecast 160,250 starts this year and about 163,350 for 2010.1 i& ]5 P& ?* ~: m; A3 I
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.
9 n3 | Z- h* G, y+ n" ]Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.9 T" Q+ F3 d+ K& M7 M% }5 d2 Z
Starts in Quebec rose 16.6 per cent in July, while they fell in other regions, including a 15-per-cent drop in Ontario. |
|