Housing Starts Increase in August
09/09/2009
- by Canada Housing and Mortgage Corporation, Ottowa
The seasonally adjusted annual rate
1 of housing starts increased to 150,400 units in August from 134,200 units in July, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts are trending higher, reflecting improvements in both the single and multiple segments,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The improvement in housing starts is consistent with our expectation of a stronger second half for 2009.” Read the entire article . . .