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Wednesday, April 11, 2012

New Home Construction Lagging


        New home construction remains flat in the greater Saint John area – the latest numbers from Canada Mortgage and Housing show five new units started last month down from 10-units in the same month last year.

         Overall – the federal housing agency reports new housing starts off by ten percent in the first quarter of this year compared to last year.

         Moncton remains the hotspot for new home construction with 110-new units under construction in the first quarter of this year compared to 13-last year.