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Housing starts fell in July: CMHC
- G6 h) Y9 H8 g% c& f8 h& i& W2 G8 @(CP) – 41 minutes ago; A$ _0 X5 T1 `6 V$ n
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.
, q6 D4 J3 j0 T+ Q0 pHousing 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.( v; ^; H& [# b4 `9 \
In July of last year, there were 18,229 actual starts. The agency estimated there were 12,712 actual starts last month.8 a4 g$ a: d7 q$ ]3 C: \6 e4 P
"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.% y+ C/ D. X0 v( B8 O; o
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.: p1 G2 N: L3 U9 Y% X" K
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.
7 m/ _# [1 g8 N( M: u' }$ BThe corporation said in January that starts reached 211,056 units in 2008, down from 228,343 in 2007.% M0 e' i: V( ~8 U
It forecast 160,250 starts this year and about 163,350 for 2010.
4 i5 D! g; |8 D! h8 U% dUrban 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.
% |! j" f5 \# R8 rRural starts were estimated at a seasonally adjusted annual rate of 18,600 units.
; K& w( P+ ]- P# z4 D8 C( A5 k) g" XStarts 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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