Moishe Alexander Says:
The seasonally adjusted annual rate of housing starts declined to 153,500 units in January from 172,200 units in December of 2008, according to Canada Mortgage and Housing Corporation (CMHC).
“To a certain extent, the decline in housing starts coincides with recent developments in the existing home market. Reduced sales and increased listings in the [...]
Moishe Alexander’s Review
January 9, 2009 — The seasonally adjusted annual rate1 of housing starts was 177,300 units in December, down marginally from 178,000 units in November, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts in December were almost unchanged compared to November,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “At an [...]
Moishe Alexanders Review:
NEW HOME MARKET
Moishe Alexander says: Total starts down 15 per cent on lower multi-family construction
This year will see total housing starts in the Winnipeg Census Metropolitan Area reach 2,875 units, a decline of 15 per cent from 2007. The reduction in total starts will be due entirely to a substantial change in multi-family [...]