Housing Starts Remain Sluggish

Real estates sales may be strong this year - but - a new survey from Canada Mortgage and Housing shows the number of new housing units started in the greater Saint John area down by 51-percent compared to April of last year.
Overall the federal agency says new home construction in our area is down 29-percent between January and April compared to the same period in 2011.
The federal agency is also reporting a 40-percent drop in the Moncton area while Fredericton posted a 65-percent gain in the number of new housing units breaking ground last month compared to a year ago.