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Housing starts fell in July: CMHC
3 Y6 e. U" x) f+ ](CP) – 41 minutes ago. [$ r7 @3 y; f+ H
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.
# i) I& ?% u7 t# w, g/ cHousing 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. t7 b* h6 V, M8 b% b
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
# g: _* K. Q* ?: Z% {+ c, C"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.% i/ ?2 W. `2 l7 S3 {* g
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.
+ t+ s1 ?3 P, ^+ A4 [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.
, B1 x9 U! D+ c2 j# RThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
8 e6 ? G7 w( D% N- q2 bIt forecast 160,250 starts this year and about 163,350 for 2010.4 Y+ A) S+ |6 `3 H* v
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.) t/ l6 o/ ^) k. o
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.5 O a6 a7 `+ `- \
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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