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Calgary`s Housing Starts fall on Multi-Family Projects
CALGARY - Calgary`s housing starts dropped in July as builders remained cool to multiple family construction, Canada Mortgage and Housing Corp. said Tuesday.
There were 755 starts in July, down from 877 a year earlier.
Year-to-date, construction activity is less than one-third of 2008 levels.
Most of the decline came in multi-family starts, which include semi-detached units, rows and apartments. there were 254 units constructed in July, down 43 per cent from the same month a year ago.
The number of single-detached homes under construction rose in July, with builders starting 501 units, up 16 per cent from a year ago.
Read the full article here.
CALGARY - Calgary`s housing starts dropped in July as builders remained cool to multiple family construction, Canada Mortgage and Housing Corp. said Tuesday.
There were 755 starts in July, down from 877 a year earlier.
Year-to-date, construction activity is less than one-third of 2008 levels.
Most of the decline came in multi-family starts, which include semi-detached units, rows and apartments. there were 254 units constructed in July, down 43 per cent from the same month a year ago.
The number of single-detached homes under construction rose in July, with builders starting 501 units, up 16 per cent from a year ago.
Read the full article here.