October 14, 2013
Housing starts up
Canadian housing starts were trending at 190,492 units in September compared to 188,440 in August, according to Canada Mortgage and Housing Corporation (CMHC).
“The trend in total housing starts edged up slightly in September, while remaining close to the range of roughly 182,000 to 188,000 units that was observed between March and August of 2013,” said Mathieu Laberge, CMHC deputy chief economist.
The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
CMHC uses the trend measure as a complement to the monthly SAAR of housing starts.
The standalone monthly SAAR was 193,637 units in September, an increase from 183,964 in August.
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These projects have been selected from 321 projects with a total value of $20,605,386,875 that Reed Construction Data Building Reports reported on Friday.
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