New home starts are higher than same time last year
New home starts in the Calgary census metropolitan area (CMA) to the end of June 2018 are eight percent higher than the s a me time period last year on the strength of construction in the apartment sector, says the monthly report from Canada Mortgage and Housing Corporation (CMHC).
Total starts in the first six months of 2018 are at 5,979 homes compared to 5,525 over the same period last year. Year to date, single-family starts (2,012) are roughly equal to 2017, semi-detached starts (602) are up six percent, year over year, row/townhome starts (666) are 17 percent down and apartment starts (2,699) are up 26 percent.
Total starts in June were 1,067 homes, down from 1,390 in June 2017 and comprised of 360 single-family, 136 semi-detached, 72 row/townhomes and 499 apartments.
Here are more residential construction statistics for June 2018 in the Calgary CMA. Single-family: Semi-detached: Row: Apartment: Single-family: Semi-detached: Row: Apartment:
New home construction starts this year, as of the end of June, are up by eight percent compared to the same time period in 2017.