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EDMONTON JOURNAL MAY 8, 2013% |5 g4 p0 p+ f3 x) J
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.8 v, z% t$ r7 Z. `9 U- s' n
Photograph by: John Lucas, file , Edmonton Journal+ ^: D7 ?) a- [0 O
EDMONTON - 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.
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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.5 j" x# l/ D1 P$ o& x/ S$ _' m
! T: g: w. ^- eHousing 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.! C$ h+ M! n' f5 B: ?( X# [
& j6 i' Z5 l$ J4 {& ~1 i5 e2 S“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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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.' R: p% Q; }* f$ ~2 h+ N
* N u+ u' U W6 JThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.8 K7 g: [: K6 K2 |# b1 u5 j4 y4 ^+ J; V
; d$ \' {# F) L+ P! ]Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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" q$ F7 A! F9 IConsumers 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.4 t; P) i$ J5 b X4 h# n
g! D& s" C0 B5 k© Copyright (c) The Edmonton Journal |
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