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1 z9 g, e4 r0 y! D( f+ y, U2 tEDMONTON JOURNAL MAY 8, 2013
, ]2 \; U8 G/ f3 [! ^! X/ m4 ~Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.: j) k9 K( O8 i3 X4 y l1 @+ k. p
Photograph by: John Lucas, file , Edmonton Journal
1 V \# _$ ^( k3 j5 S6 ~8 p6 Q1 mEDMONTON - 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.5 h) h4 I) Y$ H
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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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! K+ V0 j& D3 C6 ?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.- ], [( n3 G' q$ z
0 ^" K0 {1 j5 o0 J“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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& k! K1 ]( K1 g0 Q- E) O, rIn 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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4 i7 d/ |9 g; H: W7 J8 {9 yThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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6 q9 c+ o% U$ I5 Z6 P6 S- iAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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9 S, [3 T. E! k2 L9 _$ sConsumers remain confident despite a moderating pace of economic growth, he said.
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“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.8 v3 X3 u7 l" D3 O
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