MONCTON, NEW BRUNSWICK--(Marketwire - June 8, 2012) - Residential construction activity in New Brunswick's urban centres was up in May according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data1 indicate that a total of 340 starts were recorded during the month compared to 236 starts for the same period in 2011.
"The increase in total housing starts observed in provincial urban centres during the month of May stemmed mainly from significant year-over-year increases in single starts in Fredericton and multiple starts in Moncton," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts in May totalled 132 units in provincial urban centres, up from last year's total for the month of 98 starts. At 208 units, multiple starts were up 51 per cent from last year's May total of 138 units.
In urban centres across Canada, total housing starts recorded in May were up seven per cent to 17,058 units compared to 15,962, a year ago. Single-detached starts decreased three per cent to 6,145 units, while multiple starts increased 13 per cent to 10,913 units in May. In the Atlantic region, 866 new units were started compared to 930 units during May 2011.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high 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.
For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.
| 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 |
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| 2012 | 2011 | % Change | YEAR-TO-DATE | % Change | ||||
| MAY | MAY | 2012 | 2011 | |||||
| ALL URBAN CENTRES WITH POPULATIONS > 50,000 | ||||||||
| SAINT JOHN CMA | ||||||||
| Single | 21 | 29 | -27.6 | % | 51 | 71 | -28.2 | % |
| Multiple | 0 | 4 | ## | 19 | 31 | -38.7 | % | |
| TOTAL | 21 | 33 | -36.4 | % | 70 | 102 | -31.4 | % |
| MONCTON CMA | ||||||||
| Single | 46 | 42 | 9.5 | % | 88 | 73 | 20.5 | % |
| Multiple | 156 | 90 | 73.3 | % | 278 | 162 | 71.6 | % |
| TOTAL | 202 | 132 | 53.0 | % | 366 | 235 | 55.7 | % |
| FREDERICTON CA | ||||||||
| Single | 40 | 15 | ## | 91 | 71 | 28.2 | % | |
| Multiple | 52 | 38 | 36.8 | % | 70 | 42 | 66.7 | % |
| TOTAL | 92 | 53 | 73.6 | % | 161 | 113 | 42.5 | % |
| ALL URBAN CENTRES WITH POPULATION >10,000* | ||||||||
| ALL CENTRES | ||||||||
| Single | 132 | 98 | 34.7 | % | 275 | 236 | 16.5 | % |
| Multiple | 208 | 138 | 50.7 | % | 367 | 247 | 48.6 | % |
| TOTAL | 340 | 236 | 44.1 | % | 642 | 483 | 32.9 | % |
| 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. | ||||||||
Contact Information:
(506) 851-2742
Cell: (506)866-9002
cgautrea@cmhc-schl.gc.ca