LAKE LOUISE, AB, March 7, 2013 /CNW/ - Rising costs due to the price of
serviced lots and municipal development charges are a critical problem
for an increasing number of new home builders across Canada.
This is one of the main findings of the Annual Pulse Survey of new home
builders and renovator members of the Canadian Home Builders'
Association (CHBA) whose 70th National Conference begins here today.
The level of concern about both the cost of serviced lots and
development charges has risen slightly in most regions since last
year's Pulse Survey. The survey was conducted in December 2012 and
January 2013 with the assistance of Canada Mortgage and Housing
Corporation (CMHC) and Natural Resources Canada.
New home builders expect about 197,300 housing starts this year, down
from 214,800 last year. Fewer starts are expected in all provinces
except Manitoba where new home builders see a marginal increase.
The forecast for 2013 housing starts is generally in line with long-term
demographic requirements for housing. The projection of 197,350 would
result in the second strongest year in the last five, above the levels
of 190,000 in 2010 and 194,000 in 2011.
Employment in the home building industry will remain at, or above,
current levels, according to the Pulse Survey. One third of all
respondents expect to hire more workers over the year while 60 per cent
expect their workforce to stay at current levels. Forty-seven per cent
of new home builders in Manitoba, Saskatchewan and Alberta expect more
jobs this year.
Renovators report increases in activity in the past year - more than one
third say they are busier today than a year ago. Many expect the pace
to continue over the next year.
Bathroom and kitchen renovations, energy-efficient improvements and
complete interior or exterior renovations were the projects most
requested during the last year.
More than a quarter of renovators say the underground economy -- tax
cheaters operating on the basis of cash transactions -- will remain a
The survey reports that the price of new, single-detached homes will
rise in all provinces except British Columbia where 40 per cent of new
home builders expect lower prices.
A total of 342 new home builders and renovators responded to the 46th
Pulse Survey. Results were tabulated and analyzed for the CHBA by Altus
Group Economic Consulting.
The Canadian Home Builders' Association (CHBA) is the national voice of
the residential construction industry, representing more than 8,000
member firms across the country. Membership comprises new home
builders, renovators, developers, trade contractors, building material
manufacturers and suppliers, lenders and other professionals in the
SOURCE: Canadian Home Builders' Association
For further information:
For a copy of the Pulse 2013 Annual Survey, including regional breakdowns, please contact David Humphreys at (613) 230-3155 or email, firstname.lastname@example.org