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8 Z+ u# H; @) K. m) I0 n; REDMONTON JOURNAL MAY 8, 2013
5 D' K) ^& r: I- h5 k1 `Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
# A4 \! e" |9 j6 w& \Photograph by: John Lucas, file , Edmonton Journal
$ r6 W4 u1 \( G+ JEDMONTON - 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.: X. S$ h- \% l ?3 A' H
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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 ?7 |9 Q8 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., i. o& U* j. H6 q3 I9 n
# N' Z9 R7 l0 t4 H5 h% o2 d a“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 D- u' m9 D' e
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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.) i- X& n! k: }' v4 s% r z
1 |$ f, ?# Y( l; f1 u9 tAcross 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.! n7 U( W6 l# H
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