June Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - July 11, 2011) - Residential construction in New Brunswick's urban centres was lower in June according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data⁽¹⁾ indicate that a total of 350 starts were recorded during the month compared to 375 starts for the same period in 2010.

"The decline in housing starts observed in June was due to a reduction in multiple starts, as single starts in provincial urban centres for the month of June were essentially unchanged from last year ," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts were up one per cent in June, with a total of 167 units compared to 165 during the same month last year. Year-to-date, single starts have declined 27 per cent to 403 units.

In June, multiple starts were down 13 per cent to 183 units. Year-to date, multiple starts are down 34 per cent from last year's total of 653 units."Apartment starts continue to trail last year's pace to the end of June, contributing to the overall decline in new home construction activity observed in the province," added Gautreau.

In urban centres across Canada, total housing starts recorded in June were up four per cent to 15,982 units compared to last year's total of 15,346. Single-detached starts were down seven per cent to 7,287 units, while multiple starts were up 16 per cent to 8,695 units this year. In the Atlantic region, 1,051 new units were started in June 2011 compared to 1,012 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.

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PRELIMINARY URBAN MONTHLY HOUSING STARTS NEW BRUNSWICK SUMMARY

	2011	2010		YEAR-TO -DATE
			% Change			% Change
	JUN	JUN		2011	2010
	ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single	25	36	-30.6%	96	162	-40.7%
Multiple	29	0	-	60	102	-41.2%
TOTAL	54	36	50.0%	156	264	-40.9%
MONCTON CMA
Single	71	55	29.1%	144	181	-20.4%
Multiple	74	150	-50.7%	236	399	-40.9%
TOTAL	145	205	-29.3%	380	580	-34.5%
FREDERICTON CA
Single	52	53	-1.9%	123	149	-17.4%
Multiple	68	59	15.3%	110	148	-25.7%
TOTAL	120	112	7.1%	233	297	-21.5%
	ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single	167	165	1.2%	403	549	-26.6%
Multiple	183	210	-12.9%	430	653	-34.2%
TOTAL	350	375	-6.7%	833	1,202	-30.7%

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 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.

PRELIMINARY QUARTERLY HOUSING STARTS NEW BRUNSWICK SUMMARY

	2011	2010		YEAR-TO-DATE
			% Change			% Change
	Q2	Q2		2011	2010
	ALL URBAN CENTRES WITH POPULATIONS > 10,000
SAINT JOHN CMA
Single	73	127	-42.5%	96	162	-40.7%
Multiple	45	30	50.0%	60	102	-41.2%
TOTAL	118	157	-24.8%	156	264	-40.9%
MONCTON CMA
Single	133	144	-7.6%	144	181	-20.4%
Multiple	234	332	-29.5%	236	399	-40.9%
TOTAL	367	476	-22.9%	380	580	-34.5%
FREDERICTON CA
Single	86	114	-24.6%	123	149	-17.4%
Multiple	106	100	6.0%	110	148	-25.7%
TOTAL	192	214	-10.3%	233	297	-21.5%
BATHURST CA
Single	19	27	-29.6%	20	28	-28.6%
Multiple	24	2	# #	24	4	# #
TOTAL	43	29	48.3%	44	32	37.5%
CAMPBELLTON CA
Single	3	2	50.0%	3	2	50.0%
Mulitple	0	0	-	0	0	-
TOTAL	3	2	50.0%	3	2	50.0%
EDMUNDSTON CA
Single	5	8	-37.5%	6	10	-40.0%
Multiple	0	0	-	0	0	-
TOTAL	5	8	-37.5%	6	10	-40.0%
MIRAMICHI CA
Single	11	16	-31.3%	11	17	-35.3%
Multiple	0	0	-	0	0	-
TOTAL	11	16	-31.3%	11	17	-35.3%
ALL URBAN CENTRES*
Single	330	438	-24.7%	403	549	-26.6%
Multiple	409	464	-11.9%	430	653	-34.2%
TOTAL	739	902	-18.1%	833	1,202	-30.7%

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

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