August 2015 housing starts in Regina
REGINA, SASKATCHEWAN--(Marketwired - Sept. 9, 2015) - Housing starts in the Regina Census Metropolitan Area (CMA) were trending at 1,951 units in August compared to 1,794 in July, 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 August relative to July as the trend in both single-detached and multi-family units increased," said Lai Sing Louie, CMHC's Regional Economist for the Prairies and Territories Region. "Despite the increases in the trend, Regina's total housing starts are expected to end the year lower than in 2014, as weaker economic conditions and elevated inventories of new homes continue to add downward pressure to new construction over the remaining months of 2015," added Louie.
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