Housing Starts Maintain Positive Performance in June



    MONCTON, NB, July 9 /CNW/ - According to Canada Mortgage and Housing
Corporation's preliminary data(1), residential construction in June of 2008
produced a total of 442 starts in New Brunswick's urban centres, up from
352 units during the same period last year.
    "Multiple starts had another strong month in June and continue to bolster
overall starts in provincial urban centres," said Claude Gautreau, CMHC's
Senior Market Analyst for New Brunswick.
    After the first six months of the year, 681 multiple starts were on
record in provincial urban centres, an increase of 185 units from the 2007
mid-year total. In the month of June, Greater Moncton led the way with
118 multiple starts, while Fredericton and Saint John posted nearly identical
totals with 31 and 29 multiple starts, respectively. "A record setting pace
for semi-detached starts in Greater Moncton, combined with a rebound in
apartment starts in the Fredericton area have accounted for most of the
year-to-date increase in multiple starts," continued Gautreau.
    The increase in single starts in the province's urban centres in June was
modest at 7.3 per cent, up 17 units for a total of 251 starts. Year-to-date,
with 728 units, single starts in the province's urban areas were ahead of last
year's pace by 118 units or 19.3 per cent.
    In urban centres across Canada, total housing starts in June were down
1 per cent to 18,320 units compared to last year's monthly total of 18,494.
Single-detached starts were down 19 per cent to 7,878 units, while multiple
starts were up 19 per cent in June to 10,442 units compared to 8,752 units
during the same period last year. In the Atlantic region, 1,092 new units were
started in June compared to 1,085 units in June of 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"
    -------------------------------------------------------------------------
                           2008     2007               YEAR-TO-DATE
                           -------------  % Change    -------------  % Change
                            JUN      JUN              2008     2007
    -------------------------------------------------------------------------
                 ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------
    SAINT JOHN CMA
    Single                   55       61     -9.8%     219      165     32.7%
    Multiple                 15       29    -48.3%     153      171    -10.5%
    TOTAL                    70       90    -22.2%     372      336     10.7%
    -------------------------------------------------------------------------
    MONCTON CMA
    Single                   88       86      2.3%     243      229         %
    Multiple                118       56      (XX)     366      282     29.8%
    TOTAL                   206      142     45.1%     609      511     19.2%
    -------------------------------------------------------------------------
    FREDERICTON CA
    Single                   81       61     32.8%     198      157     26.1%
    Multiple                 52       31     67.7%     124       37      (XX)
    TOTAL                   133       92     44.6%     322      194     66.0%
    -------------------------------------------------------------------------
                 ALL URBAN CENTRES WITH POPULATION (greater than)10,000(*)
    -------------------------------------------------------------------------
    ALL CENTRES
    Single                  251      234      7.3%     728      610     19.3%
    Multiple                191      118     61.9%     681      496     37.3%
    TOTAL                   442      352     25.6%   1,409    1,106     27.4%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    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"
    -------------------------------------------------------------------------
                                                                    % Change
                                         % Change                       from
                           2008     2007  from Q2      YEAR-TO-DATE      YTD
                            ------------              -------------
                             Q2       Q2     2006     2008     2007     2006
    -------------------------------------------------------------------------
                 ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
    -------------------------------------------------------------------------
    SAINT JOHN CMA
    Single                  147      133     10.5%     219      165     32.7%
    Multiple                 60      119    -49.6%     153      171    -10.5%
    TOTAL                   207      252    -17.9%     372      336     10.7%
    -------------------------------------------------------------------------
    MONCTON CMA
    Single                  209      183     14.2%     243      229      6.1%
    Multiple                323      214     50.9%     366      282     29.8%
    TOTAL                   532      397     34.0%     609      511     19.2%
    -------------------------------------------------------------------------
    FREDERICTON CA
    Single                  143      123     16.3%     198      157     26.1%
    Multiple                120       35      (XX)     124       37      (XX)
    TOTAL                   263      158     66.5%     322      194     66.0%
    -------------------------------------------------------------------------
    BATHURST CA
    Single                   22       22      0.0%      24       22      9.1%
    Multiple                 15        4      (XX)      21        4      (XX)
    TOTAL                    37       26     42.3%      45       26     73.1%
    -------------------------------------------------------------------------
    CAMPBELLTON CA
    Single                    7        3      (XX)       8        4      (XX)
    Multiple                  0        0        -        0        0        -
    TOTAL                     7        3      (XX)       8        4      (XX)
    -------------------------------------------------------------------------
    EDMUNDSTON CA
    Single                   15       16     -6.3%      16       19    -15.8%
    Multiple                  0        2      (XX)       0        2      (XX)
    TOTAL                    15       18    -16.7%      16       21    -23.8%
    -------------------------------------------------------------------------
    MIRAMICHI CA
    Single                   15       13     15.4%      20       14     42.9%
    Multiple                  0        0        -       17        0        -
    TOTAL                    15       13     15.4%      37       14      (XX)
    -------------------------------------------------------------------------
    ALL URBAN CENTRES(*)
    Single                  558      493     13.2%     728      610     19.3%
    Multiple                518      374     38.5%     681      496     37.3%
    TOTAL                 1,076      867     24.1%   1,409    1,106     27.4%
    -------------------------------------------------------------------------

    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, Senior Market Analyst - New
Brunswick, Canada Mortgage and Housing Corporation, (506) 851-2742


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