House builders in the greater Saint John area are basically treading water compared to last year -- Canada Mortgage and Housing reports housing starts are down 22-percent to the end of June compared to the same six months last year.
The federal housing agency says the biggest hit is a 46-percent drop in the number of new multiple residential units going up compared to last year.
Fredericton is also suffering while Moncton is booming with the number of new housing units up just shy of 60-percent to the end of June compared to the first six months of last year.
