Housing starts up 24 per cent over last year

Construction starts on single-detached homes in Red Deer last month were up 14 per cent from July 2012, to 32 from 28, according to the latest stats from Canada Mortgage and Housing Corp. However, work commenced on just four units in the multi-family category, marking an 81 per cent drop from the 21 multi-family starts for the same month a year ago.

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Alberta economic snapshot for July 27, 2013

CALGARY, AB, Jul 27, 2013/ Troy Media/ – Housing construction is an important driver of Alberta’s economy and supplying the correct number of homes to match the market demand is sometimes a challenge for home builders. However, the most recent data suggest there’s still plenty of room to build a few more.

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