July 2013 Halifax housing starts
HALIFAX, NOVA SCOTIA`(Marketwired ` Aug. 9, 2013) - Housing starts in Halifax, Census Metropolitan Area (CMA) were trending at 2,391 units in July compared to 2,871 in June according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)[sup]1 [/sup]of housing starts.
`The pace of housing starts in Halifax slowed last month,` said Tim Andrews, CMHC`s Market Analyst for Nova Scotia. `Despite the reduced pace in the overall trend, starts in the multi-family segment were strong in July,` added Andrews.
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