Single-Detached Starts Up Sharply in December in Halifax



    HALIFAX, Jan. 9 /CNW/ - A sharp increase in single-detached residential
construction in December more than offset a sharp decrease in multiple unit
construction resulting in a slight increase in total starts for the month. The
month reflected the recent trend of rising singles and weak multiples.
According to Canada Mortgage and Housing Corporation (CMHC) preliminary  
data(1) released today for Nova Scotia's urban areas with a population over
10,000, there were 237 total housing starts last month compared with
    229 in December 2006 - a 3.5 per cent increase. Single-detached housing
starts increased to 207 last month compared to 126 in December 2006 while
multi-residential starts recorded only 30 starts in December - a decrease of
71 per cent compared to December 2006.
    "In spite of above average snowfall in December, a large number of starts
in the Eastern Passage area of Halifax boosted overall starts in 2007 keeping
them on par with 2006 levels," said Matthew Gilmore, Senior Market Analyst
with CMHC's Atlantic Business Centre. "Some of the recent strength in single
starts is due to demand spilling over from the existing home sales market,"
Gilmore said. He added that "some of the weakness in multiple starts is due to
the large number of projects already under construction with many experiencing
delays due to tight labour market conditions."
    In urban centres across Canada in December there were 11,176 total
housing starts, 20 per cent fewer than the 14,019 starts in December 2006.
There were 6,098 single-detached housing starts across Canada last month,
4 per cent fewer than the 6,369 single starts in December 2006 while the
5,078 multiple unit housing starts across Canada last month represented a
34 per cent decrease from the 7,650 units started in December 2006.

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

    (Ce document existe également en français.)

    Canada Mortgage and Housing Corporation (CMHC) has been Canada's national
housing agency for more than 60 years. CMHC is committed to helping Canadians
access a wide choice of quality, affordable homes, while making vibrant,
healthy communities and cities a reality across the country.


    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                             NOVA SCOTIA SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                      2007      2006                 YEAR-TO-DATE
                     ---------------- % Change      --------------- % Change
                       DEC       DEC                2007      2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------
    HALIFAX CMA
    Single             156        92      69.6%    1,207     1,056      14.3%
    Multiple            18        89     -79.8%    1,282     1,455     -11.9%
    TOTAL              174       181      -3.9%    2,489     2,511      -0.9%
    -------------------------------------------------------------------------
    CAPE BRETON RGM
    Single              24         6       (xx)      152       108      40.7%
    Multiple             6         4      50.0%       72        61      18.0%
    TOTAL               30        10       (xx)      224       169      32.5%
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION (greater than) 10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single             207       126      64.3%    1,730     1,526      13.4%
    Multiple            30       103     -70.9%    1,590     1,801     -11.7%
    TOTAL              237       229       3.5%    3,320     3,327      -0.2%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    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
         (Halifax CMA, Cape Breton RGM, Truro CA, Kentville CA and
         New Glasgow CA).

    (XX) Indicates changes in excess of 100% which are not reported due to
         volatility resulting from small absolute numbers.


    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                 PRELIMINARY URBAN QUARTERLY HOUSING STARTS
                             NOVA SCOTIA SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                      2007      2006                 YEAR-TO-DATE
                     ---------------- % Change      --------------- % Change
                        Q4        Q4                2007      2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
    -------------------------------------------------------------------------
    HALIFAX CMA
    Single             376       250      50.4%    1,207     1,056      14.3%
    Multiple           186       400     -53.5%    1,282     1,455     -11.9%
    TOTAL              562       650     -13.5%    2,489     2,511      -0.9%
    -------------------------------------------------------------------------
    CAPE BRETON RGM
    Single              63        15       (xx)      152       108      40.7%
    Multiple            14        18     -22.2%       72        61      18.0%
    TOTAL               77        33       (xx)      224       169      32.5%
    -------------------------------------------------------------------------
    TRURO CA
    Single              48        32      50.0%      159       150       6.0%
    Multiple            47        28      67.9%       90       177     -49.2%
    TOTAL               95        60      58.3%      249       327     -23.9%
    -------------------------------------------------------------------------
    KENTVILLE CA
    Single              17        32     -46.9%       84        97     -13.4%
    Multiple            24        60     -60.0%      105        70      50.0%
    TOTAL               41        92     -55.4%      189       167      13.2%
    -------------------------------------------------------------------------
    NEW GLASGOW CA
    Single              34        24      41.7%      128       115      11.3%
    Multiple             4         6     -33.3%       41        38       7.9%
    TOTAL               38        30      26.7%      169       153      10.5%
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single             538       353      52.4%    1,730     1,526      13.4%
    Multiple           275       512     -46.3%    1,590     1,801     -11.7%
    TOTAL              813       865      -6.0%    3,320     3,327      -0.2%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    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
         (Halifax CMA, Cape Breton RGM, Truro CA, Kentville CA and
         New Glasgow CA).
    (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: Matthew Gilmore, Senior Market Analyst - Nova
Scotia, Canada Mortgage and Housing Corporation, (902) 426-4686; for more
information, visit www.cmhc.ca or call 1-800-668-2642


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890