Housing starts in Wood Buffalo in February are nearly a third of where they were last year. The Canadian Mortgage and Housing Corporation said in its monthly release that in February there were 20 housing starts — eight single-detached homes and 12 multiple family dwellings — compared to 58 in the same month last year.
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U.S. housing starts recorded their biggest drop in almost three years in January, likely weighed down by harsh weather, but the third month of declines in permits pointed to some underlying weakness in the housing market.
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U.S. housing starts surged to their highest level in nearly six years in November, a sign of strength in the housing market that could give the Federal Reserve ammunition to start cutting back its bond purchases.
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Construction starts of single-family homes in the Calgary area are expected to climb four per cent by the end of this year compared to 2012, says a federal agency.
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Consistency and the status quo have helped Lethbridge maintain its slight increase in housing starts for 2013, says the executive officer for the local chapter of the Canadian Homebuilders’ Association.
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Calgary’s actual housing starts increased by 52 per cent in July, boosted primarily by increased activity in the city’s multi-family sector.
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EDMONTON – Multi-family housing starts in the Edmonton census metropolitan area cooled in August, according to the Canada Mortgage and Housing Corp.
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CALGARY – Total housing starts in the Calgary region were down in August, according to Canada Mortgage and Housing Corp.
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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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EDMONTON – After an impressive 2012, the Edmonton housing market will see some moderation for 2013 as new housing starts are projected to decline, according to the Canada Mortgage and Housing Corporation.
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