From January to August, housing starts are down about 20 percent in both Fredericton and Moncton. But Saint John taking a huge hit -- we're down over 50 percent year to date.
Analyst Claude Gautreau with the CMHC tells CHSJ News one of the reasons for the drop is because people are buying existing homes rather than building their own.
He says a very strong 2010 building season is also leading to the softer numbers.
