Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

January 09, 2009 23:59 ET

New Brunswick Housing Starts Decline in December

MONCTON, NB, Jan. 9 - Total housing starts in New
Brunswick's urban centres for December trailed last year's level for the
month. According to Canada Mortgage and Housing Corporation's preliminary
data(1), 123 residential starts were recorded in December, down from 233 units
during the same month in 2007.

"As anticipated, residential housing starts moderated in the latter part
of 2008, with fewer single and multiple starts in December compared to the
previous year's monthly total", said Claude Gautreau, CMHC's Senior Market
Analyst for New Brunswick. In the province's urban centres, 82 single starts
were recorded in December compared to 137 units during the same period last
year.

Multiple starts in the province's urban centres were also down in
December with 41 units compared to 96 last year. Nevertheless, activity in
2008 remained strong as multiple starts in provincial urban centres were up
10.1 per cent to 1,464 units. Meanwhile, annual single starts were essentially
unchanged in 2008 with a 0.4 per cent increase to 1,676 units at the end of
December. "Although starts declined in December, residential construction
activity was strong in historical terms throughout the year in New Brunswick's
urban centres", continued Gautreau.

In urban centres across Canada, 10,487 total housing starts were recorded
in December resulting in a 6 per cent decline from the 11,157 starts in
December 2007. Single-detached starts decreased 29 per cent to 4,335 units,
while multiple unit starts were up 22 per cent: from 5,061 last year to 6,152
units this year. In the Atlantic region, 574 new units were started in
December 2008 compared to 651 units during the same period in 2007.



1. Figures for the most recent month are preliminary and subject to
revisions due to corrections or updates from quarterly enumeration or
sampling results.

For more information, visit www.cmhc.ca or call 1 800 668-2642.


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PRELIMINARY URBAN MONTHLY HOUSING
STARTS NEW BRUNSWICK SUMMARY
-------------------------------------------------------------------------
2008 2007 YEAR-TO-DATE
-------------- -------------
DEC DEC %Change 2008 2007 %Change
-------------------------------------------------------------------------
ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
-------------------------------------------------------------------------
SAINT JOHN CMA
Single 34 26 30.8% 488 363 34.4%
Multiple 10 22 -54.5% 344 202 70.3%
TOTAL 44 48 -8.3% 832 565 47.3%
-------------------------------------------------------------------------
MONCTON CMA
Single 24 41 -41.5% 566 593 -4.6%
Multiple 16 48 -66.7% 793 823 -3.6%
TOTAL 40 89 -55.1% 1,359 1,416 -4.0%
-------------------------------------------------------------------------
FREDERICTON CA
Single 17 19 -10.5% 475 432 10.0%
Multiple 13 35 -62.9% 223 204 9.3%
TOTAL 30 54 -44.4% 698 636 9.7%
-------------------------------------------------------------------------
ALL URBAN CENTRES WITH POPULATION (greater than)10,000(*)
-------------------------------------------------------------------------
ALL CENTRES
Single 82 137 -40.1% 1,676 1670 0.4%
Multiple 41 96 -57.3% 1,464 1330 10.1%
TOTAL 123 233 -47.2% 3,140 3,000 4.7%
-------------------------------------------------------------------------

Figures for the most recent month are preliminary and subject to
revisions due to corrections or updates from quarterly enumeration or
sampling results.

(*) Includes all centres with a total population of more than 10,000
(Saint John CMA, Moncton CA, Fredericton CA, Bathurst CA, Campbellton CA,
Edmundston CA, and Miramichi City).

No.No. Indicates changes in excess of 100% which are not reported due to
volatility resulting from small absolute numbers.


-------------------------------------------------------------------------
PRELIMINARY QUARTERLY HOUSING STARTS
NEW BRUNSWICK SUMMARY
-------------------------------------------------------------------------
%Change %Change
2008 2007 from Q4 YEAR-TO-DATE from YTD
------------- 2006 ------------- 2006
Q4 Q4 2008 2007
-------------------------------------------------------------------------
ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
-------------------------------------------------------------------------
SAINT JOHN CMA
Single 124 126 -1.6% 488 412 18.4%
Multiple 39 60 -35.0% 344 275 25.1%
TOTAL 163 186 -12.4% 832 687 21.1%
-------------------------------------------------------------------------
MONCTON CMA
Single 150 159 -5.7% 566 655 -13.6%
Multiple 200 173 15.6% 793 770 3.0%
TOTAL 350 332 5.4% 1,359 1425 -4.6%
-------------------------------------------------------------------------
FREDERICTON CA
Single 111 121 -8.3% 475 432 10.0%
Multiple 72 40 80.0% 223 204 9.3%
TOTAL 183 161 13.7% 698 636 9.7%
-------------------------------------------------------------------------
BATHURST CA
Single 17 13 30.8% 53 73 -27.4%
Multiple 6 21 -71.4% 55 38 44.7%
TOTAL 23 34 -32.4% 108 111 -2.7%
-------------------------------------------------------------------------
CAMPBELLTON CA
Single 2 4 -50.0% 18 10 80.0%
Multiple 0 4 No.No. 0 6 No.No.
TOTAL 2 8 -75.0% 18 16 12.5%
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EDMUNDSTON CA
Single 9 7 28.6% 37 41 -9.8%
Multiple 6 6 0.0% 32 37 -13.5%
TOTAL 15 13 15.4% 69 78 -11.5%
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MIRAMICHI CA
Single 5 17 -70.6% 39 47 -17.0%
Multiple 0 0 - 17 0 -
TOTAL 5 17 -70.6% 56 47 19.1%
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ALL URBAN CENTRES(*)
Single 418 447 -6.5% 1,676 1,670 0.4%
Multiple 323 304 6.3% 1,464 1,330 10.1%
TOTAL 741 751 -1.3% 3,140 3,000 4.7%
-------------------------------------------------------------------------

Figures for the most recent month are preliminary and subject to
revisions due to corrections or updates from quarterly enumeration or
sampling results.

(*) Includes all centres with a total population of more than 10,000
(Saint John CMA, Moncton CA, Fredericton CA, Bathurst CA,
Campbellton CA, Edmundston CA, and Miramichi City).

No.No. Indicates changes in excess of 100% which are not reported due to
volatility resulting from small absolute numbers.

Contact Information

  • Claude Gautreau, Senior Market Analyst - New
    Brunswick, Canada Mortgage and Housing Corporation, (506) 851-2742