Housing starts move higher in May



    OTTAWA, June 9 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts was 221,300 units in May, up from 213,900 units in April,
according to Canada Mortgage and Housing Corporation (CMHC).
    "Housing starts in May moved up from the strong level posted in April.
Most of the increase reflected a rise in single starts, which in April had
reached their lowest level since May 2001," said Bob Dugan, Chief Economist at
CMHC's Market Analysis Centre.
    In May the seasonally adjusted annual rate of urban starts edged up by
4.0 per cent to 192,800 units compared to April. Urban multiples rose 1.9 per
cent to 116,100 in May, while singles increased 7.3 per cent to 76,700 units.
    The seasonally adjusted annual rate of urban starts went up in all
regions of Canada, except Ontario, which saw a decrease of 7.4 per cent to
67,600 in May. Urban starts increased to 8,900 units in Atlantic Canada,
44,100 units in Quebec, 36,800 units in the Prairies, and 35,400 units in
British Columbia. In terms of single urban starts, all regions were up in May.
    Rural starts were estimated at a seasonally adjusted annual rate of
28,500 units in May(2).
    For the first five months of 2008, actual starts in rural and urban areas
combined were up an estimated 0.7 per cent compared to the same period last
year. Year-to-date actual starts in urban areas have increased by an estimated
5.6 per cent over the same period in 2007. Actual urban single starts for the
five months of this year were 14.8 per cent lower than they were a year
earlier, while multiple starts increased by 22.7 per cent over the same
period.

    As Canada's national housing agency, CMHC draws on over 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes - homes that will continue to create vibrant
and healthy communities and cities across the country.

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

    Please click below to view the Housing Starts in Canada - All areas chart
    http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2008/2008-06-09-0815.cfm

    
    ----------------------
    (1) All starts figures in this release, other than actual starts, are
        seasonally adjusted annual rates (SAAR) - that is, monthly figures
        adjusted to remove normal seasonal variation and multiplied by 12 to
        reflect annual levels.
    (2) CMHC estimates the level of rural starts for each of the three months
        of the quarter, at the beginning of each quarter. During the last
        month of the quarter, CMHC conducts the survey in rural areas and
        revises the estimate.

    (Ce document existe également en français)


                     Housing Starts, Actual and SAAR(*)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                                      Actual                     SAAR
                             ------------------------------------------------
                                  May          May        April          May
                                 2007         2008         2008         2008
    -------------------------------------------------------------------------
                                Final  Preliminary        Final  Preliminary
    -------------------------------------------------------------------------
    Canada, all areas          22,843       21,302      213,900      221,300
      Canada, rural areas       3,469        2,931       28,500       28,500
      Canada, urban
       centres(xx)             19,374       18,371      185,400      192,800
        Canada, singles,
         urban centres          9,319        7,963       71,500       76,700
        Canada, multiples,
         urban centres         10,055       10,408      113,900      116,100

        Atlantic region,
         urban centres            835          996        7,500        8,900
        Quebec, urban
         centres                4,081        4,459       37,600       44,100
        Ontario, urban
         centres                6,674        6,311       73,000       67,600
        Prairie region,
         urban centres          4,786        3,518       32,400       36,800
        British Columbia,
         urban centres          2,998        3,087       34,900       35,400
    -------------------------------------------------------------------------
    Source: CMHC
    (*)  Seasonally adjusted annual rates
    (xx) Urban centres with a population of 10,000 and over.
         Detailed data available upon request.
    




For further information:

For further information: on this release: Julie Girard, CMHC Media
Relations, (613) 748-4684, Cell: (613) 295-6330, jagirard@cmhc-schl.gc.ca;
This release is also available on the CMHC Web site:
http://www.cmhc-schl.gc.ca; For regional starts information contact: Atlantic
provinces: Alex MacDonald, CMHC, (902) 426-8964, amacdona@cmhc-schl.gc.ca;
Quebec: Kevin Hughes, CMHC, (514) 283-4488, khughes@cmhc-schl.gc.ca; Ontario:
Ted Tsiakopoulos, CMHC, (416) 218-3407, ttsiakop@cmhc-schl.gc.ca; Prairie
provinces: Richard Corriveau, CMHC, (403) 515-3005, rcorrive@cmhc-schl.gc.ca;
British Columbia: Carol Frketich, CMHC, (604) 737-4067,
cfrketic@cmhc-schl.gc.ca


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