Canadian Housing Starts Dip Slightly to Start Year

Posted by Rich Christianson | Posted: 03/06/2014 3:15PM

 

OTTAWA, ON - Canadian housing starts opened the year trending at 191,456 units in January compared to 194,518 in December on a six-month average, according to Canada Mortgage and Housing Corporation (CMHC). 

“The trend in housing starts decreased slightly in January, while the inventory of newly completed and unabsorbed units saw a modest downward trend in the last half of 2013," said Mathieu Laberge, deputy chief economist of CMHC. "This is consistent with our expectation that builders will continue to gradually adjust activity in order to manage their levels of inventory.”

CMHC also tracks housing starts on a seasonally adjusted annual rate. The stand-alone monthly SAAR was 180,248 units in January, a decrease from 187,144 in December, with urban starts increasing in the Prairies and in Ontario while decreasing in Atlantic Canada, Quebec and British Columbia.

 

About the Author

Rich Christianson

Rich Christianson is Associate Publisher and Editor at Large of Woodworking Network. During his 25+ years covering the wood products industry, Rich has toured hundreds of manufacturing plants throughout North America, Europe and Asia. His reporting has covered everything from the state of the industry and impact of wood imports to technology and environmental issues. In his current capacity he is responsible for editing the daily Woodworking Network Update newsletter and coordinating events including the annual Cabinets & Closets Conference & Expo and Canada’s biennial Woodworking Machinery & Supply Expo. He can be contacted at rchristianson@woodworkingnetwork.com or follow him on Google+.

Read more of Rich Christianson's blogs.


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