Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 09, 2012 08:15 ET

September 2012 Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - Oct. 9, 2012) - Housing starts in New Brunswick were trending at 3,188 units in September, 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 standalone monthly SAAR was 5,808 units in September, up from 2,853 in August.

"After the first three quarters of the year, both single-detached and multi-family starts have risen from the previous year's totals. In particular, year-to-date multiple starts have increased significantly, due mostly to rental market construction in both Fredericton and Moncton," 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, analyzing 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.

Multiple starts added 385 actual units in September of this year compared to 235 units during the same period last year. Single starts, with 97 actual units in September, were down from the 113 units reported last year. Year-to-date total starts have reached 2,075 actual units, bolstered in large part by increased activity in the construction of multi-residential dwellings.

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.

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.

(Ce document existe également en français)

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

Preliminary Housing Start Data
September / 2011-2012
Province, Centres 10,000+ September 2011 September 2012
Actual, urban centres1
September - Single-Detached 113 97
September - Multiples 235 385
September - Total 348 482
January to September - Single-Detached 800 850
January to September - Multiples 1,051 1,225
January to September - Total 1,851 2,075
August 2012 September 2012
SAAR2, urban centres1
Total 2,853 5,808
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
September / 2011-2012
Urban Centres Single-Detached Multiples Total
2011 2012 2011 2012 2011 2012
Urban Centres 100,000+
Moncton CMA 45 31 108 272 153 303
Saint John CMA 19 17 4 87 23 104
Urban Centres 50,000-99,999
Fredericton 32 30 115 2 147 32
Total Urban Starts1 113 97 235 385 348 482
New Brunswick Preliminary Actual Housing Start Data
January - September / 2011-2012
Urban Centres Single-Detached Multiples Total
2011 2012 2011 2012 2011 2012
Urban Centres 100,000+
Moncton CMA 288 291 590 835 878 1,126
Saint John CMA 165 147 116 125 281 272
Urban Centres 50,000-99,999
Fredericton CA 250 274 300 200 550 474
Total Urban Starts1 800 850 1,051 1,225 1,851 2,075

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.

New Brunswick Preliminary Actual Housing Start Data
Third Quarter / 2011-2012
Urban Centres Single-Detached Multiples Total
2011 2012 2011 2012 2011 2012
Urban Centres 10,000 - 49,999
Bathurst CA 28 20 13 18 41 38
Campbellton CA 3 13 4 0 7 13
Edmundston CA 9 18 4 0 13 18
Miramichi CA 17 18 0 26 17 44
Urban Centres 10,000 - 49,999 57 69 21 44 78 113
New Brunswick Preliminary Actual Housing Start Data
January - September / 2011-2012
Urban Centres Single-Detached Multiples Total
2011 2012 2011 2012 2011 2012
Urban Centres 10,000 - 49,999
Bathurst CA 48 48 37 39 85 87
Campbellton CA 6 19 4 0 10 19
Edmundston CA 15 31 4 0 19 31
Miramichi CA 28 40 0 26 28 66
Urban Centres 10,000 - 49,999 97 138 47 65 142 203

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