June Housing Starts for the St. John's Area

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - July 11, 2011) - Housing starts in the St. John's region were up during the month of June, according to preliminary data¹ released today by Canada Mortgage and Housing Corporation (CMHC). June's housing starts totaled 278 units throughout the St. John's area compared to 232 units in June of 2010. There were 56 additional starts recorded in urban centres outside the St. John's area, for a total of 334 provincial urban housing starts. Year-to-date, urban starts are down 3 per cent, with 935 posted province- wide.

"Higher levels of multiple housing starts supported the overall gains in new home construction activity in the St. John's area in June," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. "Single-detached starts were relatively stable in June at 193 units. The trend towards lower levels of single housing starts remains, with this segment down 20 per cent compared to this time last year," added Janes.

In urban centres across Canada, total housing starts recorded in June were up four per cent to 15,982 units compared to 15,346 a year ago. Single-detached starts declined seven per cent to 7,287 units, while multiple starts increased 16 per cent to 8,695 units in June. In the Atlantic region, 1,051 new homes were started compared to 1,012 units during June 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 FOUNDLAND & LABRADOR SUMMARY

	2011	2010		YEAR-TO -DATE
			% Change			% Change
	JUN	JUN		2011	2010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
ST. JOHN'S CMA
Single	193	198	-2.5%	560	698	-19.8%
Multiple	85	34	# #	253	124	# #
TOTAL	278	232	19.8%	813	822	-1.1%
ALL URBAN CENTRES WITH POPULATIONS >10,000
ALL CENTRES*
Single	235	236	-0.4%	651	795	-18.1%
Multiple	99	49	# #	284	164	73.2%
TOTAL	334	285	17.2%	935	959	-2.5%

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 (St . John's CMA, Corner Brook CA, Gander MD, Grand Falls/Windsor CA, and Bay Roberts CA)

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