Linked Header

Monday, November 9, 2009

New Home Construction Remains Sluggish

The slump continues for new housing starts in the Saint John region -- the latest figures from Canada Mortgage and Housing show 45-new units started last month -- down from 72 in the same month last year.
The survey also shows housing starts from January through the end of October off by 23-percent compared to the same period last year.
Moncton has also posted decreases while Fredericton continues to be a hot bed of housing activity with the number of new units started in the ten months ending last month up by 12-percent against last year's numbers.