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Housing starts fell in July: CMHC
/ e5 _) j n8 h Z- x1 \4 K(CP) – 41 minutes ago$ w8 n% N/ @( }- l: T$ 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.
5 E1 s+ q, l4 yHousing 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., o8 u/ D' g; K- o) j* _8 T
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
( M; k7 R. [! n/ y' u8 d0 d( 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.
9 J6 E6 ]8 O. H7 H- V5 F& Z ~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.
, r, _! V$ ^: nHousing 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.1 k* A9 ~, q, O/ { I
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.
0 h! h9 k0 a/ C% f' y$ @It forecast 160,250 starts this year and about 163,350 for 2010.' `! b- x8 C# @8 J- L7 x' Y
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.
3 [5 u4 I. H* ~Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
7 r/ a2 t9 U* U" h1 {Starts 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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