Canada’s First Half Housing Starts this Year Match Last Year
Abstract:
The latest (June 2008) report on the nation’s housing market has just been released by Canada Mortgage and Housing Corporation (CMHC). June’s seasonally adjusted and annualized figure for housing starts was 217,800 units, which was down 4.3% from May’s level of 227,700 units. Average seasonally-adjusted housing starts through the first half of this year (228,300 units) stand only slightly ahead (+0.7%) of the level achieved through the first half of last year (226,800 units).
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The latest (June 2008) report on the nation’s housing market has just been released by Canada Mortgage and Housing Corporation (CMHC). June’s seasonally adjusted and annualized figure for housing starts was 217,800 units, which was down 4.3% from May’s level of 227,700 units. Average seasonally-adjusted housing starts through the first half of this year (228,300 units) stand only slightly ahead (+0.7%) of the level achieved through the first half of last year (226,800 units).