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Housing starts edge up in February
This was up slightly from the 191,513 units the Canada Mortgage and Housing Corporation (CMHC) recorded in January. The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
"The trend in housing starts remained stable in February for the seventh consecutive month. Since August 2013, the trend has essentially remained in the 185,000 to 195,000 range, with month-to-month variations generally of two per cent or less. This is in line with CMHC's outlook calling for a stable housing market in 2014," said Mathieu Laberge, deputy chief economist at CMHC.
Read the full article here.
This was up slightly from the 191,513 units the Canada Mortgage and Housing Corporation (CMHC) recorded in January. The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
"The trend in housing starts remained stable in February for the seventh consecutive month. Since August 2013, the trend has essentially remained in the 185,000 to 195,000 range, with month-to-month variations generally of two per cent or less. This is in line with CMHC's outlook calling for a stable housing market in 2014," said Mathieu Laberge, deputy chief economist at CMHC.
Read the full article here.