February housing starts in Saint John are down 69 per cent over last year according to new data from the Canada Mortage and Housing Corporation.CMHC's Claude Gautreau tells CHSJ News says he cautions people when looking at numbers at the start of the year not to read too much into it.
He says the percentages do no paint a pretty picture however the first three months of the year are the weakest in housing construction and when you factor in winter it mitigates the fact that they are not seeing positive growth.
It's a similar story in Fredericton where starts are down 54 per cent and in Moncton they are down 84 per cent of the 2010 numbers.
