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Housing starts fell in July: CMHC' L2 E8 W& z5 `& }! E; N+ J
(CP) – 41 minutes ago. B1 C/ M3 t" r; \
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.0 c x2 {4 H" K! X8 T$ K4 ^
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., G0 _; m$ h9 z' r: d; S% s
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.
. v# K9 i' r3 g0 t: q"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 r9 w& R( e$ `+ Y5 U" A
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.. {# q0 v3 w( [' ^# k* z% y
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.- N; x x) ~1 h0 R/ I0 [$ @! i' \# H
The corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.3 u7 G" @1 Y$ y* l7 k
It forecast 160,250 starts this year and about 163,350 for 2010.7 N5 K% }5 W1 G6 w6 \9 i7 ]
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.0 j g' _8 k2 s: p) l4 P
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units.6 `, p7 M3 j% R; {
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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发表于 2009-8-11 07:13
