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EDMONTON JOURNAL MAY 8, 2013$ B7 N3 B/ W7 K0 x) @0 C( j3 M) O+ G
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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- E3 H0 p% i5 j0 D" U" ZEDMONTON - 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.- ^, C9 _8 @+ M$ e5 c7 k
4 P$ E; g6 l" h m2 a0 kHousing 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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“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.”" @) i& F) K \/ R' A/ Y
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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.
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' B y8 T( _$ p$ J# ~' ~The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.$ y' Y' e( O4 T8 y
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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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Consumers remain confident despite a moderating pace of economic growth, he said.( i1 E4 h% D3 R- a2 k d. s, w, N
5 r# |: |1 J% n% m! v2 o3 k0 Q“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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# y! L8 X8 ~ F, O© Copyright (c) The Edmonton Journal |
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