September Housing Starts in New Brunswick

MONCTON, NB, Oct. 8 /CNW/ - According to Canada Mortgage and Housing Corporation's (CMHC's) preliminary data(1) released today, residential construction in September produced a total of 243 starts in New Brunswick's urban centres compared to 355 units during the same period last year.

"The decline in residential housing starts in September was not unexpected as it followed the trend of fewer singles and multiples throughout most of 2009," said Claude Gautreau , CMHC's senior market analyst for New Brunswick . A total of 64 multiple starts were recorded in September of this year, down 63 per cent from the 172 units recorded during the same month in 2008. The year-to-date total after the first nine months of the year was down 17 per cent compared to the same period last year.

Meanwhile, single starts in provincial urban centres were comparable to last year with a 2 per cent decline to 179 units in September. Year-to-date, single starts were down 22 per cent to 978 units. "The pace of decline in housing starts observed during the first three quarters of the year will likely be maintained to the end of the year," continued Gautreau.

In urban centres across Canada , total housing starts in September declined by 26 per cent, down to 13,024 units compared to last year's total of 17,661. Single-detached starts were up 7 per cent to 6,741 units, while multiple unit starts were down 45 per cent from 11,352 units last year to 6,283 units this year. In the Atlantic region, 970 new units were started in September 2009 compared to 1,030 units during the same period in 2008.

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. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.

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

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                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                            NEW BRUNSWICK SUMMARY
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                      2009       2008                 YEAR-TO-DATE
                    ----------------- % Change    ----------------- % Change
                       SEP        SEP               2009      2008
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           ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000
    -------------------------------------------------------------------------
    SAINT JOHN CMA
    Single              42        47     -10.6%      272       364     -25.3%
    Multiple             8        84     -90.5%      254       305     -16.7%
    TOTAL               50       131     -61.8%      526       669     -21.4%
    -------------------------------------------------------------------------
    MONCTON CMA
    Single              63        51      23.5%      300       416     -27.9%
    Multiple            40        68     -41.2%      362       593     -39.0%
    TOTAL              103       119     -13.4%      662     1,009     -34.4%
    -------------------------------------------------------------------------
    FREDERICTON CA
    Single              50        69     -27.5%      284       364     -22.0%
    Multiple            10         0         -       272       151      80.1%
    TOTAL               60        69     -13.0%      556       515       8.0%
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           ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000*
    -------------------------------------------------------------------------
    ALL CENTRES
    Single             179       183      -2.2%      978      1258     -22.3%
    Multiple            64       172     -62.8%      951      1141     -16.7%
    TOTAL              243       355     -31.5%    1,929     2,399     -19.6%
    -------------------------------------------------------------------------
    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
         (Saint John CMA, Moncton CMA, Fredericton CA, Bathurst CA,
         Campbellton CA, Edmundston CA, and Miramichi City).
    (XX) Indicates changes in excess of 100% which are not reported due to
         volatility resulting from small absolute numbers.



    -------------------------------------------------------------------------
                     PRELIMINARY QUARTERLY HOUSING STARTS
                            NEW BRUNSWICK SUMMARY
    -------------------------------------------------------------------------
                      2009      2008                  YEAR-TO-DATE
                    ----------------- % Change    ----------------- % Change
                        Q3        Q3                2009      2008
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 10,000
    -------------------------------------------------------------------------
    SAINT JOHN CMA
    Single             115       145     -20.7%      272       364     -25.3%
    Multiple            53       152     -65.1%      254       305     -16.7%
    TOTAL              168       297     -43.4%      526       669     -21.4%
    -------------------------------------------------------------------------
    MONCTON CMA
    Single             167       173      -3.5%      300       416     -27.9%
    Multiple           146       227     -35.7%      362       593     -39.0%
    TOTAL              313       400     -21.8%      662      1009     -34.4%
    -------------------------------------------------------------------------
    FREDERICTON CA
    Single             161       166      -3.0%      284       364     -22.0%
    Multiple           112        27       (XX)      272       151      80.1%
    TOTAL              273       193      41.5%      556       515       8.0%
    -------------------------------------------------------------------------
    BATHURST CA
    Single              23        12      91.7%       42        36      16.7%
    Multiple            16        28     -42.9%       47        49      -4.1%
    TOTAL               39        40      -2.5%       89        85       4.7%
    -------------------------------------------------------------------------
    CAMPBELLTON CA
    Single               6         8     -25.0%       10        16     -37.5%
    Multiple             0         0         -         0         0         -
    TOTAL                6         8     -25.0%       10        16     -37.5%
    -------------------------------------------------------------------------
    EDMUNDSTON CA
    Single              16        12      33.3%       28        28       0.0%
    Multiple            16        26     -38.5%       16        26     -38.5%
    TOTAL               32        38     -15.8%       44        54     -18.5%
    -------------------------------------------------------------------------
    MIRAMICHI CA
    Single              23        14      64.3%       42        34      23.5%
    Multiple             0         0         -         0        17       (XX)
    TOTAL               23        14      64.3%       42        51     -17.6%
    -------------------------------------------------------------------------
    ALL URBAN CENTRES*
    Single             511       530      -3.6%      978     1,258     -22.3%
    Multiple           343       460     -25.4%      951     1,141     -16.7%
    TOTAL              854       990     -13.7%    1,929     2,399     -19.6%
    -------------------------------------------------------------------------
    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
         (Saint John CMA, Moncton CMA, Fredericton CA, Bathurst CA,
         Campbellton CA, Edmundston CA, and Miramichi City).
    (XX) Indicates changes in excess of 100% which are not reported due to
         volatility resulting from small absolute numbers.
    

For further information: visit www.cmhc.ca or call 1-800-668-2642; on this release: Claude Gautreau, CMHC Market Analysis Centre, [phone], Cell: [phone], [email protected]