For January, that is. The trend in housing starts was 224,865 units in January 2018, compared to 226,346 units in December 2017, according to Canada Mortgage and Housing Corporation (CMHC).
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Canadian housing starts surged in June as groundbreaking. mean that residential building activity is set to cool over the remainder of the year,” he added. Mortgage stress-tests imposed in January.
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Housing Starts. Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,173,000. This is 12.3 percent (8.3 percent) below the revised May estimate of 1,337,000 and is 4.2 percent (10.2 percent)* below the June 2017 rate of 1,225,000.
Housing Starts Increased In February. Home construction is starting to increase at an annualized rate of almost 1.2 million in February. After January’s decline in housing starts, it seems that the housing market is back on track to have a strong year.
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Residential starts fell 7% in February to a 1.24 million annualized rate (the estimate had been for 1.29 million starts) after a 1.33 million pace in the prior month. Single-family home starts rose 2.9%, a second straight monthly gain, but multifamily starts fell 26.1% after a similar jump in January, according to government figures released on March 16.
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B.C. housing starts cool after hot October. By Bryan Yu | January 2, 2018. Dovetailing with recent building permit data, B.C. housing starts pulled back in November after an October surge but remained robust. Urban-area starts slowed to a seasonally adjusted annualized rate of 45,300 units from a 53,900-unit pace in October.
The last time housing starts were stronger was February of 1984, when they came in at a 2.26 million annual pace. The latest report marked the fifth time in the last six months that housing starts.
New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed april 17.
[Bloomberg] U.S. Stocks Higher on Brisk Factory Output: Markets Wrap [Bloomberg] U.S. Housing Starts Cooled in February After Robust January [Bloomberg] U.S. Factory Output Rebounds in February and exceeds estimates [reuters] trump’s tariffs head for a legal minefield [Bloomberg] The World Economy Risks Turning Too Hot to Handle [CNBC] Investors just pumped the most money [.]