Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

May 09, 2011 08:15 ET

April Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - May 9, 2011) - Residential construction in New Brunswick's urban centres was lower in April according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data(1) indicate that a total of 148 starts were recorded during the month compared to 169 starts for the same period in 2010.

"The decline in residential construction observed in April was primarily the result of fewer single starts in provincial urban centres, as multiple starts had a strong showing during the month, particularly in Moncton and Saint John," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts were down 19 per cent in April, with 66 units compared to 81 units during the same month last year. Year-to-date, single starts have declined 28 per cent to 139 units.

In April, multiple starts were down six units for a total of 82 starts. Year-to date, multiple starts stood at 103 units at the end of April. In comparison, 277 multiple starts were recorded during the same period last year. "While apartment starts are off to a slow start in 2011, semi-detached starts in Greater Moncton accounted for almost half of all multiple starts in the province during the month of April, bolstering overall activity in New Brunswick," added Gautreau.

In urban centres across Canada, total housing starts recorded in April were down 15 per cent to 13,528 units compared to last year's total of 15,897. Single-detached starts were down 27 per cent to 5,382 units, while multiple starts were down four per cent to 8,146 units this year. In the Atlantic region, 551 new units were started in April 2011 compared to 640 units during the same period in 2010.

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

(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

20112010YEAR-TO -DATE
% Change% Change
APRAPR20112010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single1929-34.5%4264-34.4%
Multiple122# #2774-63.5%
TOTAL31310.0%69138-50.0%
MONCTON CMA
Single2021-4.8%3158-46.6%
Multiple70674.5%72134-46.3%
TOTAL90882.3%103192-46.4%
FREDERICTON CA
Single1922-13.6%5657-1.8%
Multiple018# #466-93.9%
TOTAL1940-52.5%60123-51.2%
ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single6681-18.5%139192-27.6%
Multiple8288-6.8%103277-62.8%
TOTAL148169-12.4%242469-48.4%

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 CMA, Fredericton CA, Bathurst CA, Campbellton CA, Edmundston CA, and Miramichi CA).

## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.

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