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Friday, April 8, 2011

New Housing Starts Sluggish

It's a soft start to the year for new home builders in the greater Saint John area -- a new report from Canada Mortgage and Housing shows the number of new homes started up to the end of March down by almost 65-percent compared to last year.


Fredericton's starts are down by 50-percent this year while Moncton has been hit the hardest with new home construction off by almost 88-percent compared to a year ago.