July 2015 housing starts in Regina
REGINA, SASKATCHEWAN--(Marketwired - Aug. 11, 2015) - Housing starts in the Regina Census Metropolitan Area (CMA) were trending at 1,787 units in July compared to 1,661 in June, 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 total housing starts.
"The trend in total housing starts moved higher in July and this was driven entirely by an increase in the multi-family starts trend when compared to June," said Lai Sing Louie, CMHC's Regional Economist for the Prairies and Territories Region. "However, in spite of July's trend increase, Regina's total housing starts are still expected to end the year lower than in 2014 as weaker economic conditions and elevated inventories of new homes add downward pressure to new construction over the remaining months of 2015," added Louie.
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