April 2015 housing starts in Saskatoon
SASKATOON, SASKATCHEWAN--(Marketwired - May 8, 2015) - Housing starts in the Saskatoon Census Metropolitan Area (CMA) were trending at 2,801 units in April compared to 3,063 in March, 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 declined further in April after local home builders scaled back production of both single-detached and multi-family units. Rising new home inventory and moderating economic fundamentals will prompt a slower pace of housing starts this year," said Goodson Mwale, CMHC's Senior Market Analyst for Saskatchewan.
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