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May 2014 housing starts in Calgary
CALGARY, ALBERTA`(Marketwired ` June 9, 2014) - Housing starts in the Calgary Census Metropolitan Area (CMA) were trending at 15,776 units in May compared to 17,239 in April, 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 total housing starts.
`After rising consistently since July 2013, the trend in total housing starts in Calgary declined in May,` said Richard Cho, CMHC`s Senior Market Analyst for the Prairie and Territories Region. `Production of multi-family units slowed in May after reporting strong increases in the first four months of the year.`
Read the full article here.
CALGARY, ALBERTA`(Marketwired ` June 9, 2014) - Housing starts in the Calgary Census Metropolitan Area (CMA) were trending at 15,776 units in May compared to 17,239 in April, 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 total housing starts.
`After rising consistently since July 2013, the trend in total housing starts in Calgary declined in May,` said Richard Cho, CMHC`s Senior Market Analyst for the Prairie and Territories Region. `Production of multi-family units slowed in May after reporting strong increases in the first four months of the year.`
Read the full article here.