 鲜花( 26)  鸡蛋( 0)
|
Housing starts fell in July: CMHC2 T7 u" D+ M4 I T0 i; ~
(CP) – 41 minutes ago
" D- h2 N( A7 ~" {: n) jOTTAWA — 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.3 p1 q4 }8 o! U6 m! u
Housing 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.
% G9 B: X5 b* U- E5 H5 K; Z2 \In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
O/ n+ u: c- e4 C. t"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.
% v, a5 ^/ I9 N) h G2 H' L+ QThe 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.
. g% Y+ l, b/ D8 L: l0 S) @7 `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.& J6 M6 Z$ M- |5 F J
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007. T) H* s% ?+ p7 y; \
It forecast 160,250 starts this year and about 163,350 for 2010.; b; ]( l" k/ E1 W$ X
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.5 k) n! ?& H2 e* B8 \3 [
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
5 S) p; n, k$ N+ k( U: j: e4 zStarts in Quebec rose 16.6 per cent in July, while they fell in other regions, including a 15-per-cent drop in Ontario. |
|