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Housing starts fell in July: CMHC
: m% X! X3 E0 x7 F% d! @(CP) – 41 minutes ago# B9 i% n6 Q9 V+ @! O
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.
$ T- h0 V, }* Q. c! zHousing 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.
; s# D4 }' X; K/ V+ v' e) g* BIn July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.! Z, u5 {3 G4 H) O# P- F
"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.# h( Z; M# W4 E" X4 ^/ O
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.
0 L! L+ k2 a8 @; uHousing 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.
; U0 s1 Y3 H4 xThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
! Z; C" p/ h6 ?" k2 mIt forecast 160,250 starts this year and about 163,350 for 2010.( l9 b. p1 L! _( ~9 o
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. G, ^; _5 I1 [8 }) u
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
! G8 k* D `2 D% R. C0 Q+ J' TStarts 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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