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Housing starts fell in July: CMHC
+ M2 D6 {9 m t(CP) – 41 minutes ago) l. h R8 K" K) Y& A5 w O1 V! i4 M
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.
' f2 w/ S# M ^) w* U0 K9 C9 y' rHousing 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.
# @, w; E; b6 s. ?" D+ _In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
5 k3 k( P# E' O& f$ Q f"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.. f" X2 y. i6 U& ~2 |8 K) c
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.
3 l6 c+ x8 _6 ^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.; ^# n3 L* Y# i$ y
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
8 _# q3 [9 R( a# ^It forecast 160,250 starts this year and about 163,350 for 2010.
' G* ~/ {$ z" l9 q5 j( JUrban 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.
- ]8 v# o: Z! V* T8 s7 mRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
+ e V- I2 k5 ^: G2 {" ~- {" nStarts 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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发表于 2009-8-11 07:13
