Housing Starts Increase in May



    MONCTON, NB, June 8 /CNW/ - In May, residential housing starts in New
Brunswick's urban centers surpassed last year's total for the month. According
to Canada Mortgage and Housing Corporation's preliminary data(1), there were
335 residential starts in May, compared to 250 units during the same period in
2006.
    "Following a slight decline in April, residential starts rebounded in May
with both single and multiple starts exceeding last year's total", said Claude
Gautreau, CMHC's Senior Market Analyst for New Brunswick. Multiple starts,
which were up by 57 units in May compared to the same period last year, have
continued to bolster total starts.
    Single starts were up over 17 per cent in May with 190 starts compared to
162 last year, while year-to-date single starts trail last year's level by
36 units with 380 starts. "In urban centers across the province, overall
residential starts are slightly ahead of last year's pace due to continued
strength in multiple starts", continued Gautreau.
    In Canada's urban centres, total housing starts in May increased by 5 per
cent when compared to last year's level. Single starts dropped by 3 per cent
to 9,026 units, while multiple starts rose 15 cent over the same period. In
Atlantic Canada, residential construction in urban centres recorded 788 new
units in May, a 4 per cent decrease compared to the same month last year.

    
    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.


    -------------------------------------------------------------------------
                  PRELIMINARY URBAN MONTHLY HOUSING STARTS
                           NEW BRUNSWICK SUMMARY
    -------------------------------------------------------------------------
                            2007    2006              YEAR-TO-DATE
                           --------------  % Change  -------------- % Change
                             MAY     MAY               2007   2006
    -------------------------------------------------------------------------
                 ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------
    SAINT JOHN CMA
    Single                    46      37       24.3%    104    108      -3.7%
    Multiple                  30       8        (xx)    142     32       (xx)
    TOTAL                     76      45       68.9%    246    140      75.7%
    -------------------------------------------------------------------------
    MONCTON CMA
    Single                    70      59       18.6%    143    164     -12.8%
    Multiple                 111      50        (xx)    226    179      26.3%
    TOTAL                    181     109       66.1%    369    343       7.6%
    -------------------------------------------------------------------------
    FREDERICTON CA
    Single                    50      41       22.0%     96    108     -11.1%
    Multiple                   4      30      -86.7%      6     88     -93.2%
    TOTAL                     54      71      -23.9%    102    196     -48.0%
    -------------------------------------------------------------------------
                 ALL URBAN CENTRES WITH POPULATION (greater than) 10,000(*)
    -------------------------------------------------------------------------
    ALL CENTRES
    Single                   190     162       17.3%    380    416      -8.7%
    Multiple                 145      88       64.8%    374    317      18.0%
    TOTAL                    335     250       34.0%    754    733       2.9%
    -------------------------------------------------------------------------

    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.
    




For further information:

For further information: Claude Gautreau, Acting Senior Market Analyst,
New Brunswick, Canada Mortgage and Housing Corporation, (506) 851-2742


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