January Housing Starts for the St. John's Area
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwire) -- 02/08/12 -- Housing starts in the St. John's region increased during the month of January, according to preliminary data(1) released today by Canada Mortgage and Housing Corporation (CMHC). January's housing starts totalled 179 units throughout the St. John's area compared to 105 units in January 2011. There were 12 additional starts in urban centres outside the St. John's region, for a total of 191 provincial urban housing starts.
Single-detached and multiple unit construction activity were mixed throughout the St. John's area in January. Multiple starts led the increase, with 121 units recorded versus eight a year ago, while single-detached starts decreased 40 per cent to 58 units. "Lower single-detached construction activity in January was offset by significantly higher multiple starts, due to the recording of two condo apartment developments in the city," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador.
In urban centres across Canada, total housing starts recorded in January were up 24 per cent to 12,220 units compared to 9,823 a year ago. Single-detached starts increased one per cent to 3,596 units, while multiple starts increased 37 per cent to 8,624 units in January. In the Atlantic region, 440 new units were started compared to 500 during January 2011.
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.
(Ce document existe egalement en francais)
Contacts:
Chris Janes, Senior Market Analyst
(709)772-2403
Cell: (709)743-4636
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Datum: 08.02.2012 - 13:26 Uhr
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ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
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