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EDMONTON JOURNAL MAY 8, 2013) @. V9 e2 N7 ?0 q2 T
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.& G8 [- R$ q& C6 a* b- i0 D% ?# l
Photograph by: John Lucas, file , Edmonton Journal
4 T* b( m5 J: v6 l* [ eEDMONTON - 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.
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Housing 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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3 b; s" @# ]2 ~* r& z+ t' MIn 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.7 L$ W7 {% O z, m9 y' b
8 w9 Q+ d5 v' t9 W' |- gThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.) N O m1 @: _) [$ c6 X7 p. u2 Z
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.8 }: P: `' b; I0 j& F% }9 p% e
0 W8 P: O6 H* t" UConsumers remain confident despite a moderating pace of economic growth, he said.
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# K3 ~+ C* O* j“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.
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1 u, |6 W7 T) S/ K1 l7 G© Copyright (c) The Edmonton Journal |
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