St. John's area housing starts post solid growth in December



    ST. JOHN'S, Jan. 9 /CNW/ - Urban housing starts posted solid growth
during the month of December, according to preliminary data(1) released today
by Canada Mortgage and Housing Corporation (CMHC). December's total housing
starts posted 55 per cent growth, with 202 starts recorded throughout the St.
John's area versus 130 in December of 2007. An additional 24 housing starts
were recorded in other urban areas across the province for a total of 226
provincial starts, an increase of 44 per cent. For the year, urban housing
starts totaled 2,229 throughout the province, up 22 per cent. Within the St.
John's region, starts reached a 33-year high of 1,863 in 2008, a 26 per cent
gain over the 1,480 starts posted in 2007.
    "Urban housing starts ended the year with considerable growth and were
consistent with CMHC's new home construction expectations for 2008," said
Chris Janes, Senior Market Analyst with CMHC in Newfoundland and Labrador.
"Residential construction activity within the St. John's metro area reached a
33-year high in 2008, with solid economic and demographic fundamentals
creating unprecedented buyer demand and price growth throughout the year,"
added Janes.
    For Canada's urban centres, total housing starts decreased six per cent
with 10,487 recorded in December compared to 11,157 during December of 2007.
Single-detached starts fell 29 per cent to 4,335, while multiple starts of
6,152 represent a 22 per cent increase from a year ago. Throughout Atlantic
Canada, there were 574 urban housing starts posted versus 651 the previous
December, a decline of 12 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.

    
    ----------------
    (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)


    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                     PRELIMINARY QUARTERLY HOUSING STARTS
                       NEWFOUNDLAND & LABRADOR SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                    2008     2007                   YEAR-TO-DATE
                   ---------------   % Change     ---------------  % Change
    -------------------------------------------------------------------------
                      Q4       Q4                  2008     2007
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single           456      360        26.7%    1,485    1,174       26.5%
    Multiple         119       74        60.8%      378      306       23.5%
    TOTAL            575      434        32.5%    1,863    1,480       25.9%
    -------------------------------------------------------------------------
    BAY ROBERTS CA
    Single            22        7         (xx)       77       37        (xx)
    Multiple           0        2         (xx)        0        2        (xx)
    TOTAL             22        9         (xx)       77       39       97.4%
    -------------------------------------------------------------------------
    CORNER BROOK CA
    Single            18       21       -14.3%       69       64        7.8%
    Multiple           0        0           -         4        8      -50.0%
    TOTAL             18       21       -14.3%       73       72        1.4%
    -------------------------------------------------------------------------
    GANDER CA
    Single            22        8         (xx)       89       62       43.5%
    Multiple           0        4         (xx)       12       14      -14.3%
    TOTAL             22       12        83.3%      101       76       32.9%
    -------------------------------------------------------------------------
    GRAND FALLS/
    WINDSOR CA
    Single            12       15       -20.0%       61       58        5.2%
    Multiple           0       22         (xx)       54       45       20.0%
    TOTAL             12       37       -67.6%      115      103       11.7%
    -------------------------------------------------------------------------
    LABRADOR CA
    Single             0       21         (xx)        0       55        (xx)
    Multiple           0        0           -         0        0          -
    TOTAL              0       21         (xx)        0       55        (xx)
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single           530      432        22.7%    1,781    1,450       22.8%
    Multiple         119      102        16.7%      448      375       19.5%
    TOTAL            649      534        21.5%    2,229    1,825       22.1%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    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)

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

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                       NEWFOUNDLAND & LABRADOR SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                    2008     2007                   YEAR-TO-DATE
                   ---------------   % Change     ---------------  % Change
                     DEC      DEC                  2008     2007
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single           150      118        27.1%    1,485    1,174       26.5%
    Multiple          52       12         (xx)      378      306       23.5%
    TOTAL            202      130        55.4%    1,863    1,480       25.9%
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION (greater than)10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single           174      141        23.4%    1,781    1,450       22.8%
    Multiple          52       16         (xx)      448      375       19.5%
    TOTAL            226      157        43.9%    2,229    1,825       22.1%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    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)

    (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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