June 2015 housing starts in Halifax
HALIFAX, NOVA SCOTIA--(Marketwired - July 9, 2015) - Housing starts in Halifax, Census Metropolitan Area (CMA) were trending at 2,791 units in June compared to 1,982 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)1 of housing starts.
"Elevated levels of multiples starts increased the pace of residential construction again in Halifax in June," said Guillaume Neault, Principal, Market Analysis with CMHC's Atlantic Market Analysis Centre. "Actual single-detached starts continue to experience weakness while the lion's share of residential construction stemmed from multiples starts," added Neault.
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