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. I, k$ U: }! fEDMONTON JOURNAL MAY 8, 20130 @* j' T- v9 O
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier. o5 K& }9 _- R8 j' U; Z" q* i
Photograph by: John Lucas, file , Edmonton Journal6 d; x1 O- ^5 @
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.0 i* P2 K; N0 l! C" Y
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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.
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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.
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7 z' h$ P+ \1 Q/ c# E3 k! A“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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3 O9 m: X v( _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.
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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.; o! K H+ x# f5 e
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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. z. K& b$ `4 m9 n( D7 ^& _. QConsumers remain confident despite a moderating pace of economic growth, he said.; G5 x; ^/ [. k1 q* R2 S
* B- n1 k& \7 k5 F4 i“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.
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