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Housing starts fell in July: CMHC1 N6 g2 w9 ]' o
(CP) – 41 minutes ago% {: r% S8 ^) l9 v' I0 Y
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. F4 a0 C/ j0 U4 _5 u' U# A' G2 Z _
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.. M. C- M! y! ~
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
2 ?8 H3 q$ q% W3 a4 w"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.
( e# a% _! Z' t) p3 O/ ]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.
$ c( K( O; C% vHousing 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.( N, L. `; `* N4 Y1 q3 N
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.8 f4 q& a7 [6 u
It forecast 160,250 starts this year and about 163,350 for 2010.
0 M; c4 @4 h3 i7 ]( L1 B; z$ JUrban 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.& z; c/ ~2 `$ b" o/ K" ?
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
: A1 I' p7 e3 r' DStarts 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
