St. John's Housing Starts Increase in September



    ST. JOHN'S, Oct. 8 /CNW/ - Urban housing starts increased during the
month of September, according to preliminary data(1) released today by Canada
Mortgage and Housing Corporation (CMHC). September's total housing starts
increased 18 per cent, with 268 posted throughout Newfoundland and Labrador
compared to 227 a year ago. So far this year, urban housing starts total
1,580 across the province, up 22 per cent. 209 of the 268 provincial starts
were recorded within the St. John's region versus 178 last September, an
increase of 17 per cent. Year-to-date, housing starts within the St. John's
region are 23 per cent higher than the same period last year, with
1,288 recorded.
    "New home demand remains very high within the local housing market and
much of the increase in housing starts during September can be attributed to a
40 per cent reduction in existing home inventory so far this year," said Chris
Janes, Senior Market Analyst with CMHC in Newfoundland and Labrador. "With the
Hebron agreement now in place, a bustling local economy and positive
in-migration, both the new and existing home markets continue to show signs of
strength," added Janes.
    For Canada's urban centres, total housing starts retreated 20 per cent
with 17,644 in September compared to 22,033 during September of 2007.
Single-detached starts fell 23 per cent to 6,299 while multiple starts of
11,345 represent an 18 per cent decrease from a year ago. Throughout Atlantic
Canada, there were 1,030 urban housing starts versus 1,029 the previous
September.

    Canada Mortgage and Housing Corporation conducts a monthly survey of
housing construction in urban centres of Canada with a population of
50,000 and over.

    (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.)


    
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
        PRELIMINARY URBAN MONTHLY HOUSING STARTS NEWFOUNDLAND & LABRADOR
                                   SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                      2008    2007                YEAR-TO-DATE
                     ---------------  % Change  ---------------   % Change
                       SEP     SEP                2008    2007
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single             162     133      21.8%    1,029     814        26.4%
    Multiple            47      45       4.4%      259     232        11.6%
    TOTAL              209     178      17.4%    1,288   1,046        23.1%
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION (greater than)10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single             207     171      21.1%    1,251   1,018        22.9%
    Multiple            61      56       8.9%      329     273        20.5%
    TOTAL              268     227      18.1%    1,580   1,291        22.4%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    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 QUARTERLY HOUSING STARTS NEWFOUNDLAND & LABRADOR SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                        2008    2007               YEAR-TO-DATE
                      --------------- % Change   ---------------   % Change
                          Q3      Q3               2008    2007
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single               520     417      24.7%   1,029     814        26.4%
    Multiple             140     106      32.1%     259     232        11.6%
    TOTAL                660     523      26.2%   1,288   1,046        23.1%
    -------------------------------------------------------------------------
    BAY ROBERTS CA
    Single                36      16       (xx)      55      30        83.3%
    Multiple               0       0         -        0       0           -
    TOTAL                 36      16       (xx)      55      30        83.3%
    -------------------------------------------------------------------------
    CORNER BROOK CA
    Single                31      28      10.7%      51      43        18.6%
    Multiple               4       0         -        4       8       -50.0%
    TOTAL                 35      28      25.0%      55      51         7.8%
    -------------------------------------------------------------------------
    GANDER CA
    Single                46      26      76.9%      67      54        24.1%
    Multiple               4       4       0.0%      12      10        20.0%
    TOTAL                 50      30      66.7%      79      64        23.4%
    -------------------------------------------------------------------------
    GRAND FALLS/
    WINDSOR CA
    Single                33      19      73.7%      49      43        14.0%
    Multiple              28      18      55.6%      54      23         (xx)
    TOTAL                 61      37      64.9%     103      66        56.1%
    -------------------------------------------------------------------------
    LABRADOR CA
    Single                 0      34       (xx)       0      34         (xx)
    Multiple               0       0         -        0       0           -
    TOTAL                  0      34       (xx)       0      34         (xx)
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single               666     540      23.3%   1,251   1,018        22.9%
    Multiple             176     128      37.5%     329     273        20.5%
    TOTAL                842     668      26.0%   1,580   1,291        22.4%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    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:
    Chris Janes, Senior Market Analyst - NL
    Telephone: 709-772-2403; Email: cjanes@cmhc.ca




For further information:

For further information: Chris Janes, Senior Market Analyst, Canada
Mortgage and Housing Corporation, NL, (709) 772-2403, cjanes@cmhc.ca


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