December Housing Starts for the St. John's Area
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwire) -- 01/10/12 -- Housing starts in the St. John's region decreased during the month of December, according to preliminary data(1) released today by Canada Mortgage and Housing Corporation (CMHC). December's housing starts totalled 131 units throughout the St. John's area compared to 172 units in December 2010. There were 23 additional starts in urban centres outside the St. John's region, for a total of 154 provincial urban housing starts. For the year, 1,923 housing starts were recorded within the St. John's area and 2,322 in provincial urban areas.
Single-detached and multiple unit construction activity were both lower throughout the St. John's area in December. Multiple starts led the decline, down 48 per cent to 27 units, while single-detached starts decreased 13 per cent to 104 units. "Despite lower activity levels in December, housing starts in the St. John's area rose six per cent on an annual basis in 2011 compared to 2010, supported in large part by growth in population, income and employment," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador.
In urban centres across Canada, total housing starts recorded in December were up 25 per cent to 14,980 units compared to 12,012 a year ago. Single-detached starts increased ten per cent to 5,506 units, while multiple starts increased 35 per cent to 9,474 units in December. In the Atlantic region, 1,047 new units were started compared to 611 during December 2010.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.
For more information, visit or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at
(1) Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.
Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.
(i) Includes all centres with a total population of more than 10,000 (St. John's CMA, Corner Brook CA, Gander MD, Grand Falls/Windsor CA, and Bay Roberts CA)
## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.
(Ce document existe egalement en francais)
Contacts:
Chris Janes, Senior Market Analyst
(709) 772-2403
Cell: (709) 743-4636
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Datum: 10.01.2012 - 13:18 Uhr
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News-ID 102589
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ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
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National
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