New home construction remains steady

Published on December 8, 2009; Published on June 30, 2010
Staff ~ The Telegram

Topics :: Canada Mortgage and Housing Corporation , St. John's , Newfoundland and Labrador

Urban housing starts held steady during the month of November, according to Canada Mortgage and Housing Corporation (CMHC).
November's housing starts totalled 176 throughout the St. John's metropolitan area versus 173 starts last year.
An additional 12 starts were recorded in other urban areas across the province, bringing the provincial total to 188 housing starts compared to 196 in the November 2008.
"St. John's area housing starts held steady relative to last November, posting a small increase of two per cent, with year-to-date starts off ten per cent compared to 2008's accelerated pace," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador, in a release.
"Employment, income and population growth continues to support residential construction activity throughout the St. John's region."

Rate
Top of the page

Submit a comment

Submit a comment Your name* Email* (we keep all emails private) Write your comment here*

Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.