Urban Housing Starts Dip in May



    ST. JOHN'S, June 8 /CNW/ - Urban housing starts dipped in May, according
to preliminary data(1) released today by Canada Mortgage and Housing
Corporation (CMHC). For the month of May, total housing starts dipped
18 per cent, with 128 posted across provincial urban centres versus 156 during
May of 2006. Of the 128 total starts, 124 were recorded within the St. John's
region compared to 131 last May. Year-to-date total housing starts of 343,
equals the number of starts posted during the same period last year within the
St. John's region.
    "Despite May's dip in total provincial housing starts, we are still on
par with the overall level of residential construction activity recorded
across the province last year," said Chris Janes, Senior Market Analyst with
CMHC in Newfoundland and Labrador. "In fact, within the St. John's region,
there were seven fewer homes started compared to last May and the year-to-date
total starts number of 343 is actually the same number recorded during the
first five months of 2006," added Janes.
    For Canada's urban centres, total housing starts headed five per cent
higher to 18,889 in May over May of 2006. Single-detached starts dropped three
per cent to 9,026 while multiple starts of 9,863 represent a 15 per cent
increase compared to last May. In Atlantic Canada, there were 788 urban
housing starts, down four per cent over the same month last year.

    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.)

    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.

    For more information, visit www.cmhc.ca or call 1 800 668-2642.


    -------------------------------------------------------------------------
                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                       NEWFOUNDLAND & LABRADOR SUMMARY
    -------------------------------------------------------------------------
                             2007    2006               YEAR-TO-DATE
                            --------------   %Change  -------------- %Change
                              MAY     MAY               2007    2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single                    105      87      20.7%     252     239     5.4%
    Multiple                   19      44     -56.8%      91     104   -12.5%
    TOTAL                     124     131      -5.3%     343     343     0.0%
    -------------------------------------------------------------------------
            ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single                    109     107       1.9%     265     268    -1.1%
    Multiple                   19      49     -61.2%      91     110   -17.3%
    TOTAL                     128     156     -17.9%     356     378    -5.8%
    -------------------------------------------------------------------------

    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,
         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, (709)
772-2403, cjanes@cmhc.ca


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