 鲜花( 26)  鸡蛋( 0)
|
Housing starts fell in July: CMHC* N0 l7 R) I3 w
(CP) – 41 minutes ago
$ d7 x. I$ i; j' y+ k" FOTTAWA — 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.; W) I7 m0 ^3 ]( g+ f% }' P$ q2 Q) P
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.
0 u! t; M( ]' \% E2 N7 TIn July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month." E4 B" f7 Y* p' c) z- H3 q! p: K
"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.3 N- G) m! Y$ d( Q
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.! f& i1 I5 S2 N: P) h
Housing 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.
: i- t! N! e9 f8 s3 `: Y0 AThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
$ P) v. B0 g s1 V/ [% Q$ G$ h( LIt forecast 160,250 starts this year and about 163,350 for 2010.8 a, ]1 l1 V* G# ]. f
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.
0 ?6 U$ t0 O5 \; ~Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
- w0 k4 C! \" R! lStarts in Quebec rose 16.6 per cent in July, while they fell in other regions, including a 15-per-cent drop in Ontario. |
|