Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 11, 2016 08:15 ET

September 2016 Housing Starts in Windsor

TORONTO, ONTARIO--(Marketwired - Oct. 11, 2016) - The trend measure for total housing starts in the Windsor Census Metropolitan Area (CMA) was relatively stable at 1,436 units in September compared to 1,420 units in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

"Starts of semi-detached and row homes continued to trend up, roughly offsetting downward trending single-detached starts. The inventory of completed and unsold new single-detached homes has been increasing, reaching a high enough level to cause builders to start fewer single-detached homes in the last six months. Despite the minor slowdown, single-detached starts remain at much higher levels than in recent years," said Anthony Passarelli, Senior Market Analyst with CMHC.

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 monthly SAAR of total starts increased from 946 units in August to 1,252 units in September, primarily due higher starts of single-detached homes and row homes.

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

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook.

Additional data is available upon request.

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A graph and tables are available at the following link: http://media3.marketwire.com/docs/1072007e.pdf.

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