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Housing starts fell in July: CMHC- j6 _- z/ E/ m8 r8 z+ m& g) X
(CP) – 41 minutes ago, X* y' U1 L% F7 L/ ^$ P u7 H
OTTAWA — Housing starts declined last month from where they were in June but are expected to rise later this year, Canada Mortgage and Housing Corp. said Tuesday.
& r/ b8 q, X PHousing starts fell to 132,100 units in July from 137,800 units in June, on a seasonally adjusted annual rate, mostly because of the multiple-units segment that includes condos and apartment buildings.4 z" Y4 T& z6 y4 q# w( e! `
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.6 |- [2 y0 a; t1 D1 u5 u5 P
"Although July registered a decline, housing starts are expected to improve throughout 2009," said Bob Dugan, chief economist at the corporation's market analysis centre.6 p' h7 P% p. V6 |5 z+ U: O7 u5 c
The agency predicted that over the next several years housing starts will gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year.1 A+ B5 }8 x) I: n+ O3 Y2 ~2 v
Housing starts this year are down sharply from 2008 and 2007, when builders and buyers responded to a strong economy, low interest rates and years of pent-up demand.
% W: g( }) l0 R# a) lThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.# W7 l0 v" W/ J! U A1 j/ @
It forecast 160,250 starts this year and about 163,350 for 2010.& L: c+ n1 {- f- G3 I
Urban starts on a seasonally adjusted basis fell 5.5 per cent in July to 113,500 units, with multiple starts down nine per cent and singles off 1.1 per cent.% m2 ~2 H# M! J. e, k N
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
4 B; m O( j& VStarts in Quebec rose 16.6 per cent in July, while they fell in other regions, including a 15-per-cent drop in Ontario. |
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发表于 2009-8-11 07:07
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