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EDMONTON JOURNAL MAY 8, 2013, O3 a. _0 B2 ~
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.- E5 ^! o% G5 p, H, F
Photograph by: John Lucas, file , Edmonton Journal
1 T! I7 H& t7 r; T! n6 eEDMONTON - 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 t& b4 U8 d1 X& {/ e0 \. C2 m
! e7 N7 U' J- ~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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2 D( ?7 F4 q% y( HHousing 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.5 i1 _* \" r+ V5 L3 c6 c
( ?) O) @: b2 |5 J3 y" w“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.”: L4 o% w7 o0 h# U8 a l; _/ f& U
; r- k4 n/ w, e3 A. i7 }5 \$ a; P AIn 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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& C0 n4 ]9 k( `0 i4 MThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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5 Q( Y, _/ C$ A* oAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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" x0 y: ^, i0 |, f% |- {% qConsumers 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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% v H7 b% [0 ?. H. f6 k+ Q© Copyright (c) The Edmonton Journal |
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