Flat May on the Housing Start Front - On-Site Magazine
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5 Articles
Flat May on the housing start front - On-Site Magazine
Housing Starts in Canada – All Areas. (CNW Group/Canada Mortgage and Housing Corporation) With a gain of less than one per cent in the six-month trend and a drop of 0.2 per cent in the monthly figure, Canada Mortgage and Housing Corporation (CMHC) is reporting a flat month in housing starts for May. The six-month trendline based on the seasonally adjusted annual rates (SAAR) came in at 243,407 units, while May’s monthly SAAR slid to 279,510 unit…
Canadian Housing Starts Flat In May, At Lowest Level Since '09 In Ontario
After surging 30% month over month in April, the seasonally adjusted annual rate (SAAR) of housing starts remained more or less flat between April and May with a 0.2% drop, as homebuilding in markets in Ontario and BC continued to weaken.In the longer term, the six-month trend in housing starts also remained relatively flat in May, posting a 0.8% increase and hovering at 243,407 units, while actual housing starts grew 9% year over year, from 21,…
Canada Sees Housing Starts Remain Flat In May
Canada’s housing starts remained largely unchanged in May, as the six-month trend in housing starts edged up just 0.8% to 243,407 units, according to data released Monday by Canada Mortgage and Housing Corporation. The trend measure, which smooths out monthly volatility, underscores a steady but subdued pace of homebuilding across the country. The seasonally adjusted […]
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