August Housing Starts in New Brunswick



    MONCTON, NB, Sept. 9 /CNW/ - According to Canada Mortgage and Housing
Corporation's (CMHC's) preliminary data(1) released today, residential
construction in August produced a total of 276 starts in New Brunswick's urban
centres compared to 259 units during the same period last year.
    "With a year-over-year increase in multiple starts in August, total
housing starts in provincial urban centres surpassed last year's total for the
month," said Claude Gautreau, CMHC's senior market analyst for New Brunswick.
A total of 131 multiple starts were recorded in August of this year, up 37 per
cent from the 96 units recorded during the same month in 2008. Despite
increased multiple starts in August, the year-to-date total after the first
eight months of the year was down 10 per cent compared to the same period last
year.
    Meanwhile, single starts in provincial urban centres were down 11 per
cent to 145 units in August. Year-to-date, single starts were down 26 per cent
to 799 units. "Despite a strong overall showing in August, single starts
continue to trail last year's pace, a trend that will likely continue during
the second half of the year," continued Gautreau.
    In urban centres across Canada, total housing starts in August declined
by 27 per cent, down to 12,187 units compared to last year's total of 16,807.
Single-detached starts decreased 26 per cent to 5,211 units, while multiple
unit starts were down 28 per cent from 9,744 units last year to 6,976 units
this year. In the Atlantic region, 835 new units were started in August 2009
compared to 879 units during the same period in 2008.

    As Canada's national housing agency, CMHC draws on more than 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable and affordable homes. 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 vital decisions.

    
    -----------------
    (1) Figures for the most recent month are preliminary and subject to
        revisions due to corrections or updates from quarterly enumeration or
        sampling results.

    For more information, visit www.cmhc.ca or call 1 800 668-2642.

    (Ce document existe également en français)


    -------------------------------------------------------------------------
                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                           NEW BRUNSWICK SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                             2009   2008            YEAR-TO-DATE
                            ------------- % Change --------------  %Change
                              AUG    AUG             2009   2008
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000
    -------------------------------------------------------------------------
    SAINT JOHN CMA
    Single                     36     50     -28.0%   230    317     -27.4%
    Multiple                   37     16       (XX)   246    221      11.3%
    TOTAL                      73     66      10.6%   476    538     -11.5%
    -------------------------------------------------------------------------
    MONCTON CMA
    Single                     33     49     -32.7%   237    365     -35.1%
    Multiple                   68     57      19.3%   322    525     -38.7%
    TOTAL                     101    106      -4.7%   559    890     -37.2%
    -------------------------------------------------------------------------
    FREDERICTON CA
    Single                     58     50      16.0%   234    295     -20.7%
    Multiple                   14     11      27.3%   262    151      73.5%
    TOTAL                      72     61      18.0%   496    446      11.2%
    -------------------------------------------------------------------------
            ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000(*)
    -------------------------------------------------------------------------
    ALL CENTRES
    Single                    145    163     -11.0%   799  1,075     -25.7%
    Multiple                  131     96      36.5%   873    969      -9.9%
    TOTAL                     276    259       6.6% 1,672  2,044     -18.2%
    -------------------------------------------------------------------------
    Figures for the most recent month are preliminary and subject to
    revisions due to corrections or updates from quarterly enumeration or
    sampling results.

    (*) Includes all centres with a total population of more than 10,000
    (Saint John CMA, Moncton CMA, Fredericton CA, Bathurst CA,
    Campbellton CA, Edmundston CA, and Miramichi City).

    (XX) Indicates changes in excess of 100% which are not reported due to
    volatility resulting from small absolute numbers.
    




For further information:

For further information: Claude Gautreau, CMHC Market Analysis Centre,
(506) 851-2742, Cell: (506) 866-9002, cgautrea@cmhc.ca


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