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Housing starts fell in July: CMHC' v j. F+ J2 ~" k6 r/ U2 H
(CP) – 41 minutes ago
6 G+ ^3 E" b8 X6 W8 uOTTAWA — 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." o) N, U7 {* X2 c0 h: a
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.: X; ~( |6 v+ d8 q
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
% n5 W5 {' V% \& `( N"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.
4 t# g. d; G. E5 \- d; KThe 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.
8 E' i% y2 T$ j. ~' `1 aHousing 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.
? J8 m8 P% p1 i8 e7 rThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.- z8 j! G9 }7 g) O2 C
It forecast 160,250 starts this year and about 163,350 for 2010.
6 I9 I7 b h" w* _8 nUrban 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.
: u m- c$ e2 J& q7 q8 URural starts were estimated at a seasonally adjusted annual rate of 18,600 units.6 f! s# N4 n+ F }1 D6 N' Q
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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