June housing starts in Halifax
HALIFAX, NOVA SCOTIA--(Marketwired - July 9, 2013) - Housing starts in Halifax, Census Metropolitan Area (CMA) were trending at 2,870 units in June compared to 2,813 in May 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.
"Housing starts in Halifax trended slightly higher in June," said Tim Andrews, CMHC's Market Analyst for Nova Scotia. "Residential construction in the first six months of the year was supported by increased activity in the multi-family segment, most specifically apartment-style rental," added Andrews.
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