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EDMONTON JOURNAL MAY 8, 2013. r$ H) z3 ?. C* k- e8 ]* i
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
+ S1 u4 D4 j7 t/ E+ dPhotograph by: John Lucas, file , Edmonton Journal
# ~5 _! ` [$ Q E4 v" j8 WEDMONTON - 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.0 s$ D# t7 s5 c6 x W8 H7 A, i/ w, ^
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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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. W; W- j) \% C1 h5 w* J) m9 C% NHousing 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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. m6 ~+ o- `7 p" z+ 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.! Q: _7 X- E: i: ~; V
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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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% a/ ~. c6 ^& GAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.0 Y1 H& x3 ^9 `( s
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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.+ P7 L0 ]- ?1 R3 B5 T4 u; \3 |8 i
- [1 B% K- [% |9 k2 b- T- g© Copyright (c) The Edmonton Journal |
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