St. John's Area Housing Starts Increase in January



    ST. JOHN'S, Feb. 9 /CNW/ - Urban housing starts increased during the
month of January, according to preliminary data(1) released today by Canada
Mortgage and Housing Corporation (CMHC). January's total housing starts
increased 88 per cent, with 124 starts recorded throughout the St. John's area
versus 66 starts in January of 2008. An additional six housing starts were
recorded in other urban areas across the province for a total of 130
provincial starts, an increase of 91 per cent.
    "January's urban housing starts posted considerable growth over the same
month last year and can be attributed to the relatively mild winter conditions
experienced throughout the month," said Chris Janes, senior market analyst
with CMHC in Newfoundland and Labrador. "Pent-up demand, paired with builder
capacity constraints, appears to have caused some of the residential
construction activity from last year to spill over into the first month of
2009," added Janes.
    For Canada's urban centres, total housing starts fell 40 per cent with
7,244 recorded in January compared to 12,153 during January of 2008.
Single-detached starts decreased 44 per cent to 2,512, while multiple starts
of 4,732 represent a 38 per cent decline from a year ago. Throughout Atlantic
Canada, there were 348 urban housing starts posted versus 385 the previous
January, a decline of ten 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 - 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.

    (Ce document existe également en français)

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


    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                       NEWFOUNDLAND & LABRADOR SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                      2009    2008                 YEAR-TO-DATE
                    ----------------  % Change   ----------------   % Change
                       JAN     JAN                 2009     2008
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single              88      52        69.2%      88       52        69.2%
    Multiple            36      14         (XX)      36       14         (XX)
    TOTAL              124      66        87.9%     124       66        87.9%
    -------------------------------------------------------------------------
            ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single              93      54        72.2%      93       54        72.2%
    Multiple            37      14         (XX)      37       14         (XX)
    TOTAL              130      68        91.2%     130       68        91.2%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    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.

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


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