Tuesday, September 11, 2012

Housing Starts Remain Soft


The latest numbers from Canada Mortgage and Housing show new home construction remains soft in the greater Saint John area -- the survey reports a 35-percent drop in the number of new units started to the end of August compared to the same eight month period a year ago.
The federal agency says the biggest drop is in the number of multiple residential units started this year while single family units are almost on par with last year.
By contrast -- both Fredericton and Moncton are showing increases in the number of new units started this year compared to last year.