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9 F# _6 k7 l5 |6 h2 n* g: kEDMONTON JOURNAL MAY 8, 2013
, w9 k+ |9 ]! E/ J7 |Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier." p1 j7 H* h' R5 `9 u- k7 q& {
Photograph by: John Lucas, file , Edmonton Journal5 h7 w) X/ R6 a* p
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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& X i- ^. O9 j3 V& {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.. A; F. Q- q/ c
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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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8 o$ Y' v" B$ i, W O“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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) i! i) h0 Q! S0 b0 {+ b. tIn 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./ {3 S* H% U: c" Z1 {' C
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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.+ S- h/ l. j, 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.
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1 B; P7 \: j" m+ f, UConsumers remain confident despite a moderating pace of economic growth, he said./ b2 [8 n7 ]) m
$ N5 |; k2 m, E: u1 M) |“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.# M' ?& o9 M4 E1 l8 D5 o
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