Canada Mortgage and Housing Corporation



Canada Mortgage and Housing Corporation

February 08, 2013 08:44 ET

January 2013 Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - Feb. 8, 2013) - Housing starts in New Brunswick were trending at 2,746 units in January, 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.

"The trend in residential construction activity in New Brunswick's urban centres in January highlighted a moderate deceleration in activity compared to the previous month" said Claude Gautreau, CMHC's Senior Market Analyst for New Brunswick.

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.

The standalone monthly SAAR was 2,046 units in January, up from 1,714 in December.

Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. 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.

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1 All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) - that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

Additional data is available upon request

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A graph is available at the following address: http://media3.marketwire.com/docs/graph_eng_nb_0208.pdf

Preliminary Housing Start Data
January / 2012-2013
Province, Centres 10,000+ January
2012
January
2013
Actual, urban centres1
January - Single-Detached 41 24
January - Multiples 95 90
January - Total 136 114
January to January - Single-Detached 41 24
January to January - Multiples 95 90
January to January - Total 136 114
December
2012
January
2013
SAAR2, urban centres1
Total 1,714 2,046
Source: CMHC
1 Urban centres with a population of 10,000 and over.
2 Seasonally Adjusted at Annual Rates
Detailed data available upon request.
New Brunswick Preliminary Actual Housing Start Data
January / 2012-2013
Urban Centres Single-Detached Multiples Total
2012 2013 2012 2013 2012 2013
Urban Centres 100,000+
Moncton CMA 9 6 76 88 85 94
Saint John CMA 10 4 15 0 25 4
Urban Centres 50,000-99,999
Fredericton 16 5 4 2 20 7
Total Urban Starts1 41 24 95 90 136 114
New Brunswick Preliminary Actual Housing Start Data
January to January / 2012-2013
Urban Centres Single-Detached Multiples Total
2012 2013 2012 2013 2012 2013
Urban Centres 100,000+
Moncton CMA 9 6 76 88 85 94
Saint John CMA 10 4 15 0 25 4
Urban Centres 50,000-99,999
Fredericton CA 21 5 23 2 44 7
Total Urban Starts1 41 24 95 90 136 114

1Urban starts include an estimate for the areas 10,000-49,999 for the first two months in a quarter and are subject to revision(s) after quarterly enumeration in the third and final month of the quarter.

Contact Information

  • Market Analysis Contact:
    Claude Gautreau
    506-851-2742
    Cell: 506-866-9002
    cgautrea@cmhc.ca

    Media Contact:
    Patricia Montreuil
    506-851-2229
    Cell: 506-866-8047
    pmontreu@cmhc.ca