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EDMONTON JOURNAL MAY 8, 20137 A& ~7 h( O: r# b. {" \
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.9 x: p" v; D4 R Y! I7 C2 c
Photograph by: John Lucas, file , Edmonton Journal
2 \: T+ U7 W9 |* E+ L. FEDMONTON - 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.
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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.2 k5 T: Y+ Z" _
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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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1 u+ P( d+ |7 W) r3 S/ s) R. W, l, l( y, @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.% y' U3 S: Q0 d. @7 L3 \: A
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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.' d' i* c' O: r, X
- i2 u; x; X2 d9 t. W# a) j4 e0 EAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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% y! }8 o- ]5 I1 N, m) W$ c9 y1 G1 H( |Consumers remain confident despite a moderating pace of economic growth, he said.$ S4 J* R: G* M5 R" h
4 f4 l$ [# V8 W4 `. ?0 W% r“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.3 C' I& s0 n c# O# P4 M
; v! Y( U2 K8 @" `3 a© Copyright (c) The Edmonton Journal |
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