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Thursday, November 8, 2012

Slight Bump In New Housing Starts


New home construction activity in the greater Saint John area is running slightly ahead of last year -- that's the latest word from Canada Mortgage and Housing.
The federal agency says 44-new units were started in October compared to 27 in the same month last year - this year's number bolstered by a flurry of activity in multi-residential construction.
That is also helping to push the year to date totals just above last year's numbers for the ten month period ending in October.
Meanwhile -- C-M-H-C reports housing starts in Moncton running ahead of last year over the same ten month period while Fredericton is lagging behind last year's numbers.