February 2014 housing starts in Canada
OTTAWA, ONTARIO`(Marketwired ` March 10, 2014) - Housing starts in Canada were trending at 192,236 units in February compared to 191,513 in January, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) 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.
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