Urban Housing Starts End Year on Positive Note



    ST. JOHN'S, Jan. 9 /CNW/ - Urban housing starts ended the year on a
positive note, according to preliminary data(1) released today by Canada
Mortgage and Housing Corporation (CMHC). December's total housing starts
climbed 40 per cent, with 157 posted across provincial urban centres compared
to 112 a year ago. Of the 157 starts, 130 occurred within the St. John's
region versus 95 last December, an increase of 37 per cent. Housing starts
totaled 1,480 for the year within the region compared to 1,275 in 2006.
Provincially, total urban housing starts came in at 1,825 for 2007, up 22 per
cent over the previous year.
    "December's total urban housing starts marked seven consecutive months of
growth in residential construction activity in 2007," said Chris Janes, Senior
Market Analyst with CMHC in Newfoundland and Labrador. "A strong local
economy, favourable demographics and high consumer confidence drove the demand
for newly built homes during much of the year," added Janes.
    For Canada's urban centres, total housing starts fell 20 per cent to
11,176 in December over December of 2006. Single-detached starts fell four per
cent to 6,098, while multiple starts of 5,078 represent a sizeable 34 per cent
decline compared to last year. Throughout Atlantic Canada, there were
651 urban housing starts, a 14 per cent jump over the previous December.

    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
    -------------------------------------------------------------------------
                        2007     2006               YEAR-TO-DATE
                        ----     ----  %  Change    ------------    % Change
                         DEC      DEC               2007    2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------

    ST. JOHN'S CMA
    Single               118       79       49.4%  1,174     985        19.2%
    Multiple              12       16      -25.0%    306     290         5.5%
    TOTAL                130       95       36.8%  1,480   1,275        16.1%
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION (greater than)10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single               141       94       50.0%  1,450   1,169        24.0%
    Multiple              16       18      -11.1%    375     324        15.7%
    TOTAL                157      112       40.2%  1,825   1,493        22.2%
    -------------------------------------------------------------------------

    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
       (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
    -------------------------------------------------------------------------
                        2007     2006               YEAR-TO-DATE
                        ----     ----   % Change    ------------    % Change
                          Q4       Q4               2007    2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single               360      246       46.3%  1,174     985        19.2%
    Multiple              74       69        7.2%    306     290         5.5%
    TOTAL                434      315       37.8%  1,480   1,275        16.1%
    -------------------------------------------------------------------------
    BAY ROBERTS CA
    Single                 7        0          -      37       0           -
    Multiple               2        0          -       2       0           -
    TOTAL                  9        0          -      39       0           -
    -------------------------------------------------------------------------
    CORNER BROOK CA
    Single                21       16       31.3%     64      67        -4.5%
    Multiple               0        0          -       8      14       -42.9%
    TOTAL                 21       16       31.3%     72      81       -11.1%
    -------------------------------------------------------------------------
    GANDER CA
    Single                 8       18      -55.6%     62      61         1.6%
    Multiple               4        4        0.0%     14      14         0.0%
    TOTAL                 12       22      -45.5%     76      75         1.3%
    -------------------------------------------------------------------------
    GRAND FALLS/
    WINDSOR CA
    Single                15       15        0.0%     58      54         7.4%
    Multiple              22        4        (xx)     45       6         (xx)
    TOTAL                 37       19       94.7%    103      60        71.7%
    -------------------------------------------------------------------------
    LABRADOR CA
    Single                21        5        (xx)     55       7         (xx)
    Multiple               0        0          -       0       0           -
    TOTAL                 21        5        (xx)     55       7         (xx)
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single               432      300       44.0%  1,450   1,169        24.0%
    Multiple             102       77       32.5%    375     324        15.7%
    TOTAL                534      377       41.6%  1,825   1,493        22.2%
    -------------------------------------------------------------------------

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


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