CMHC: July 2011 Housing Starts
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 08/09/11 -- The seasonally adjusted annual rate(1) of housing starts was 205,100 units in July, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 196,600 units in June 2011.
"Housing starts rose in July due to an increase in multiple starts in all regions except Quebec," said Mathieu Laberge, Deputy Chief Economist at CMHC's Market Analysis Centre. "The multiples sector showed continued strength in Ontario and a significant increase in British Columbia and in the Atlantic region."
The seasonally adjusted annual rate of urban starts increased by 4.7 per cent to 185,200 units in July. Multiple urban starts were up by 13 per cent to 120,200 units, while urban single starts decreased by 7.8 per cent in July to 65,000 units.
July's seasonally adjusted annual rate of urban starts increased by 36.1 per cent in the Atlantic region, by 33 per cent in British Columbia, and by 1.7 per cent in Ontario. Quebec posted a decrease of 7.8 per cent over the same period, while urban starts decreased by 0.3 per cent in the Prairie region.
Rural starts(2) were estimated at a seasonally adjusted annual rate of 19,900 units in July.
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.
This release is also available on the CMHC Web site:
A graph is available at the following address:
(1) All starts figures in this release, other than actual starts, are seasonally adjusted annual rates (SAAR) - that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment makes it possible to highlight the fundamental trends of a series. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.
(2) CMHC estimates the level of starts in centres with a population of less than 10,000 for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in these centres and revises the estimate.
(Ce document existe egalement en francais)
Contacts:
Information on this release:
Charles Sauriol
CMHC Media Relations
(613) 748-2799
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Datum: 09.08.2011 - 12:15 Uhr
Sprache: Deutsch
News-ID 43873
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Town:
OTTAWA, ONTARIO
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National
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