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Monday, May 10, 2010

Local Housing Starts Slow


New home construction continues to slow in the greater Saint John area -- new numbers from Canada Mortgage and Housing show the number of new units started between January and last month down 29-percent compared to the same period a year ago.
Moncton is the hotspot of house construction with the number of new units started in the first four months of this year up 118-percent compared to the same time frame last year.
Fredericton is also reporting a small gain in new home construction.