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Housing starts fell in July: CMHC$ W; _+ O a- P x9 b
(CP) – 41 minutes ago' [6 K! l( X8 B/ N& d
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.! A# @4 l g# c
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.
6 D; E% j3 N/ ] lIn July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
2 y& S, n- v( V6 w% h, H"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.
* j; v& \$ G$ \! ?( f; C' VThe 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.
, o) M/ p) {% p2 m/ `; W5 X! aHousing 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.8 Q# I5 p% P- C7 E% a% L
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
5 t5 O, }: q, |& ?4 |It forecast 160,250 starts this year and about 163,350 for 2010.
6 w- x4 Q# D3 y* J9 \* q1 \: c$ `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.
$ u- ~2 P+ l o `8 QRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
) E, i! \4 C/ o j! b5 \Starts 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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