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+ x* u, T, O4 Q( oEDMONTON JOURNAL MAY 8, 2013
6 {( p' i: v: N3 w) XHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.7 S0 f3 S& P0 I* f3 I, g
Photograph by: John Lucas, file , Edmonton Journal& U( l. O8 u8 o5 I0 Q w
EDMONTON - 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.& F9 ]* j# h( C1 c/ v; q
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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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7 [( {5 w1 e1 p' JHousing 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.
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“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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9 P& Q& M$ p# |4 [In 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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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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7 ], v' l! j" g7 Y; i4 a2 |. IAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.9 [8 r$ W; u' ?- J6 z& J
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Consumers remain confident despite a moderating pace of economic growth, he said.3 P! R h1 c8 v( k+ n
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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./ {0 B" w( P1 |9 z6 A! |
6 }8 F; O* T, q© Copyright (c) The Edmonton Journal |
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