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Friday, June 8, 2012

Housing Starts Remain Sluggish


New home construction in the greater Saint John area continues to lag behind last year.
The latest numbers from Canada Mortgage and Housing show the number of new units started last month down 36-percent from May of last year.
And the survey shows housing starts since the first of the year off by 31-percent compared to the same period last year.
Both Fredericton and Moncton new home starts are up this year compared to last year.