St. John's Area August Housing Starts



    ST. JOHN'S, Sept. 9 /CNW/ - Urban housing starts decreased during the
month of August, according to preliminary data(1) released today by Canada
Mortgage and Housing Corporation (CMHC). August's housing starts totaled 151
throughout the St. John's area versus 249 starts in August of 2008. An
additional 18 starts were recorded in other urban areas across the province,
for a total of 169 provincial starts compared to 316 the previous August. For
the January to August 2009 period, the St. John's area posted 1,026 housing
starts versus 1,079 starts during the same period last year, while provincial
starts totaled 1,180 compared to 1,312 a year ago.
    "Despite August's decline, the local residential construction sector has
posted solid year-to-date results," said Chris Janes, senior market analyst
with CMHC in Newfoundland and Labrador. "Employment and population growth
throughout the St. John's area this year continues to bode well for
residential construction activity," added Janes.
    For Canada's urban centres, total housing starts fell 27 per cent with
12,187 recorded in August compared to 16,807 during August of 2008.
Single-detached starts decreased 26 per cent to 5,211, while multiple starts
of 6,976 represent a 28 per cent decline from a year ago. Throughout Atlantic
Canada, there were 835 urban housing starts posted versus 879 the previous
August, a decline of 5 per cent.

    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.

    
    ------------------
    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

    (Ce document existe également en français)


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                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                       NEWFOUNDLAND & LABRADOR SUMMARY
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                      2009      2008                 YEAR-TO-DATE
                       AUG       AUG  % Change      2009      2008  % Change
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           ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single             128       183     -30.1%      864       867      -0.3%
    Multiple            23        66     -65.2%      162       212     -23.6%
    TOTAL              151       249     -39.4%    1,026     1,079      -4.9%
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION (greater than) 10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single             145       234     -38.0%      992     1,044      -5.0%
    Multiple            24        82     -70.7%      188       268     -29.9%
    TOTAL              169       316     -46.5%    1,180     1,312     -10.1%
    -------------------------------------------------------------------------
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    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
         (St. John's CMA, Corner Brook CA, Gander CA, Grand Falls/Windsor CA,
         Bay Roberts CA and Labrador City CA)
    




For further information:

For further information: Chris Janes, Senior Market Analyst - NL, CMHC
Market Analysis Centre, (709) 772-2403, Cell: (709)743-4636, cjanes@cmhc.ca


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