December Housing Starts in New Brunswick

MONCTON, NB, Jan. 11 /CNW/ - Residential construction in urban centres of the province increased in December, according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data(1) indicates that a total of 182 starts were recorded in December compared to 123 starts for the same period in 2008.

"With a year-over-year increase in both single and multiple starts in December, residential construction activity surpassed 2008's output for the month," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts in provincial urban centres during the month of December were up 23 per cent to 101 units, with a strong showing in both Fredericton and Moncton. On a full-year basis, single starts were down 19 per cent to 1,361 units.

A total of 81 multiple starts were recorded in December, which was almost double the total of 41 units recorded during the same month in 2008. Despite the strong showing in December, overall multiple starts were down 14 per cent to 1,259 units in 2009. "The overall, year-over-year decline in both single and multiple starts was not unexpected, as reduced demand throughout the year curbed residential construction activity in some provincial urban centres," continued Gautreau.

In urban centres across Canada, total housing starts in December were up to 12,262 units compared to 2008's total of 10,488. Single-detached starts were up 44 per cent to 6,222 units, while multiple unit starts were down two per cent from 6,153 units in 2008 to 6,040 units in December 2009. In the Atlantic region, 672 new units were started in December 2009 compared to 574 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.

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


    -------------------------------------------------------------------------
                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                            NEW BRUNSWICK SUMMARY
    -------------------------------------------------------------------------
                 2009       2008                     YEAR-TO-DATE
              -------------------- % Change  --------------------   % Change
                  DEC        DEC                  2009       2008
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000
    -------------------------------------------------------------------------
    SAINT JOHN CMA
    Single         28         34      -17.6%       369        488      -24.4%
    Multiple        6         10      -40.0%       290        344      -15.7%
    TOTAL          34         44      -22.7%       659        832      -20.8%
    -------------------------------------------------------------------------
    MONCTON CMA
    Single         35         24       45.8%       430        566      -24.0%
    Multiple       54         16        (XX)       543        793      -31.5%
    TOTAL          89         40        (XX)       973      1,359      -28.4%
    -------------------------------------------------------------------------
    FREDERICTON CA
    Single         28         17       64.7%       403        475      -15.2%
    Multiple       18         13       38.5%       352        223       57.8%
    TOTAL          46         30       53.3%       755        698        8.2%
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000*
    -------------------------------------------------------------------------
    ALL CENTRES
    Single        101         82       23.2%     1,361       1676      -18.8%
    Multiple       81         41       97.6%     1,259       1464      -14.0%
    TOTAL         182        123       48.0%     2,620      3,140      -16.6%
    -------------------------------------------------------------------------
    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.


    -------------------------------------------------------------------------
                     PRELIMINARY QUARTERLY HOUSING STARTS
                            NEW BRUNSWICK SUMMARY
    -------------------------------------------------------------------------
                 2009       2008   % Change        YEAR-TO-DATE     % Change
            ---------------------   from Q4  --------------------   from YTD
                   Q4         Q4       2006       2009       2008       2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 10,000
    -------------------------------------------------------------------------
    SAINT JOHN CMA
    Single         97        124      -21.8%       369        488      -24.4%
    Multiple       36         39       -7.7%       290        344      -15.7%
    TOTAL         133        163      -18.4%       659        832      -20.8%
    -------------------------------------------------------------------------
    MONCTON CMA
    Single        131        150      -12.7%       430        566      -24.0%
    Multiple      181        200       -9.5%       543        793      -31.5%
    TOTAL         312        350      -10.9%       973      1,359      -28.4%
    -------------------------------------------------------------------------
    FREDERICTON CA
    Single        119        111        7.2%       403        475      -15.2%
    Multiple       80         72       11.1%       352        223       57.8%
    TOTAL         199        183        8.7%       755        698        8.2%
    -------------------------------------------------------------------------
    BATHURST CA
    Single         10         17      -41.2%        52         53       -1.9%
    Multiple        3          6      -50.0%        50         55       -9.1%
    TOTAL          13         23      -43.5%       102        108       -5.6%
    -------------------------------------------------------------------------
    CAMPBELLTON CA
    Single          5          2        (XX)        15         18      -16.7%
    Multiple        8          0          -          8          0          -
    TOTAL          13          2        (XX)        23         18       27.8%
    -------------------------------------------------------------------------
    EDMUNDSTON CA
    Single          7          9      -22.2%        35         37       -5.4%
    Multiple        0          6        (XX)        16         32      -50.0%
    TOTAL           7         15      -53.3%        51         69      -26.1%
    -------------------------------------------------------------------------
    MIRAMICHI CA
    Single         15          5        (XX)        57         39       46.2%
    Multiple        0          0          -          0         17        (XX)
    TOTAL          15          5        (XX)        57         56        1.8%
    -------------------------------------------------------------------------
    ALL URBAN
    CENTRES*
    Single        384        418       -8.1%     1,361      1,676      -18.8%
    Multiple      308        323       -4.6%     1,259      1,464      -14.0%
    TOTAL         692        741       -6.6%     2,620      3,140      -16.6%
    -------------------------------------------------------------------------
    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 CA, 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.
    

SOURCE Canada Mortgage and Housing Corporation

For further information: For further information: Claude Gautreau, CMHC Market Analysis Centre, (506) 851-2742, Cell: (506) 866-9002, cgautrea@cmhc.ca; visit www.cmhc.ca or call 1-800-668-2642


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