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Thursday, March 8, 2012

Housing Starts Plummet Last Month


February is going down in the books as an extremely slow month for new home starts in the greater Saint John area.
Canada Mortgage and Housing reports only 4-new units were started in February -- down 77-percent from the same month a year ago.
However - when you add January's new starts - new home activity is just slightly ahead of the first two months of last year.
By comparison -- new home construction this year is also trailing last year's starts in Fredericton while Moncton's activity is running ahead of last year.