Housing starts in St. Johns area up in June

Staff ~ The Telegram
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Urban housing starts increased during the month of June in the St. John's area, according to the Canada Mortgage and Housing Corporation (CMHC).
June's housing starts totalled 232 throughout the St. John's area versus 183 starts in June 2009.
There were 53 additional starts recorded outside the St. John's area, for a total of 285 provincial urban starts compared to 230 last June.
"The number of new homes started in June represents a significant increase compared to June 2009. Year-to-date starts are up 25 per cent within the St. John's region, with 822 starts recorded during the January to June period," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. "Healthy economic and demographic trends have supported new home demand during the first half of 2010."
In urban centres across Canada, total housing starts increased 31 per cent with 15,345 recorded in June compared to 11,686 during June of 2009. Throughout Atlantic Canada, there were 1,012 urban housing starts posted versus 904 the previous June, an increase of 12 per cent.

Organizations: Canada Mortgage and Housing Corporation

Geographic location: St. John's, Atlantic Canada, Newfoundland and Labrador

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