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+ I' U y- C2 T& CEDMONTON JOURNAL MAY 8, 2013) s: s! k I' B6 v0 V
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier./ k! w8 z$ ^) o# P: l& E3 _
Photograph by: John Lucas, file , Edmonton Journal
! E7 [! R/ d$ rEDMONTON - 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.8 P' S- [$ E' F+ j5 r& c& p" k
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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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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.3 T+ A# C. K4 V4 d* S: Y& O/ G
+ \) m( U- d4 r8 n7 y9 O“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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- x5 ?8 i7 `0 {1 E. ^2 V! uIn 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.: k- J9 S. J% {4 I
$ c8 K# p5 I; SThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.' _/ L& m+ s$ f
; R+ N$ I) [$ B* o$ u7 x5 p1 ?Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.2 x% _6 I: w3 v/ f# d6 b( b
- S |. y! k5 P! @6 J `1 {Consumers remain confident despite a moderating pace of economic growth, he said.1 p* _, l. Z, g3 z
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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.
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