Home Builders are Paying Attention to Inventory Trends in Canada
Abstract:
Through April 2008, housing starts in Canada are about even with last year. So far, there has been scant evidence of a collapse in the market similar to what has transpired in the U.S. Nevertheless, one has to remain vigilant in order to spot developing trouble. Unsold inventory levels are a case in point. The accompanying graph shows that the inventory of unsold single and semi-detached units is on a fairly steep upward-climbing path and that the inventory of unsold multiples is too high by about double.
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Through April 2008, housing starts in Canada are about even with last year. So far, there has been scant evidence of a collapse in the market similar to what has transpired in the U.S. Nevertheless, one has to remain vigilant in order to spot developing trouble. Unsold inventory levels are a case in point. The accompanying graph shows that the inventory of unsold single and semi-detached units is on a fairly steep upward-climbing path and that the inventory of unsold multiples is too high by about double.