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' W% ~( ~- P6 \1 XEDMONTON JOURNAL MAY 8, 20136 H8 f( [' p j3 e0 p
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
9 l! w4 w, P# Q' b+ J* CPhotograph by: John Lucas, file , Edmonton Journal
3 q! a! p. ~/ O8 ]EDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.
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Builders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.- n& p; I4 n M p
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.8 ?' Q. v3 L/ ]& P6 ^
- `% X) ?) I1 o1 v( x* [) b# L“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.# Y. Z1 N6 x* e1 z
- e3 g/ y8 J4 z4 r9 B8 a+ bThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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9 _- e% p" Y, Q- ]: KAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch. | {) k: K$ a! Q4 }; b
" L- e2 z1 P/ ]7 L$ S# [Consumers remain confident despite a moderating pace of economic growth, he said.
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. ~$ N- |) ~' B“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.0 l& X, t8 t) x# ?
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