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EDMONTON JOURNAL MAY 8, 20132 T; P% m6 H) o# B
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
( p% \! n9 o- a3 }+ ~# J0 ^ hPhotograph by: John Lucas, file , Edmonton Journal
# M0 p; D1 I) [: UEDMONTON - 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 n' O& |* J9 x( M! O- f6 I
' ^! ^. I2 I* k5 M* DBuilders 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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0 C) j2 }6 F9 a4 K" ~% ?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.( g. k, c. `( B) v
# T& v# F$ d' o# D( p0 p2 }/ Y" i“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.”6 a% O7 M( L. n- D7 o
! w* x! S$ J8 m$ t- v; d, WIn 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.( C/ R; f8 D! {! M1 [; j9 X; i
0 j1 x+ {) x( J: }The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.3 F2 |( i0 P. a$ m2 F' z1 w
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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.
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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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( Z0 p6 N* }' j( V7 I( _© Copyright (c) The Edmonton Journal |
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