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Sunday, July 14, 2013

Slow First Half For New Home Starts

New home construction in the greater Saint John area remains sluggish this year - figures from Canada Mortgage and Housing show 78-new units breaking ground in the first half of this year - about 40 less than the same period last year.

C-M-H-C says new home starts in Moncton have also slowed this year while Fredericton is running slightly ahead of last year's numbers fueled by a surge in multi-residential construction.