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EDMONTON JOURNAL MAY 8, 2013; t( d4 n7 V k ]+ ?
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.2 c/ T _( _0 Y B
Photograph by: John Lucas, file , Edmonton Journal. ^% K$ n+ t0 ~0 {5 ?
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." N5 O$ E* a: |+ }! ?% ]
2 w3 ~/ Z+ K, dBuilders 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.3 }* O4 Q/ x, n5 h D2 x
1 `* r% D5 Y9 ~. y$ {. g+ h& c' DHousing 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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~/ T$ Z: {; m; C5 {. X“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.”' s! }# m+ `9 T
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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.
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& L7 x) ]: F5 P4 n. x; a( lThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.4 `2 ]/ Q, e( U- I
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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./ E6 i! A: u$ y
$ }& m% C/ S4 u8 M! }* vConsumers remain confident despite a moderating pace of economic growth, he said.) `% F. A3 D! [; P$ j
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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.5 s2 z. |1 F/ l, l Z) `$ G1 D
) l) b& T* }- S2 Z& T© Copyright (c) The Edmonton Journal |
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