New home starts are higher than same time last year

Calgary Sun - Homes - - Homes - Myke Thomas CALGARYSUN

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:

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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.

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