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/ Z$ g& I' s" i, p: L% nEDMONTON JOURNAL MAY 8, 2013
5 ^+ i8 r# A6 j- ]/ vHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
, w3 C! E" f( N+ r& PPhotograph by: John Lucas, file , Edmonton Journal+ I+ b( v% m; a& o6 g" E4 O- o/ B
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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: {4 p9 A1 j" V R4 {$ |& ` xBuilders 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.- X# H, D& @( M4 M& K5 `# M, Q
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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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* e5 a, S' Y0 ~9 S$ @* CIn 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.4 F! L* s, f V: ?9 n
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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.. O3 Y5 z3 X! N7 J' g7 T
) B; w2 k, y. c2 k7 ~- u* xAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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0 W4 |' q8 O& Q4 f3 tConsumers remain confident despite a moderating pace of economic growth, he said.
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- n, o& q1 J. a; j u) K“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 n4 N M. b" W1 [& v© Copyright (c) The Edmonton Journal |
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