Main Menu
Home
In the News
Special Contributors
Special Report - Bedding
Sponsors
Events Calendar
Classifieds
Advertising
Contact HGO
Home
follow-on-twitter
Merchandiser Winter 2015
Merchandiser Fall 2014
2014 Product Guide
Research Store

Canada Counts
CanadaCounts-Badge-Sept2012.fw
A survey of Canadian buying intentions.
Purchase Report

 

Syndicate
Housing starts fall in May PDF Print E-mail
Written by HGO Staff   

OTTAWA (18 June 2012) - On a seasonally adjusted and annualized basis, housing starts totalled 211,400 united in May, according to the latest figures from Canada Mortgage & Housing Corporation (CMHC). That's down from 243,800 units in April and a decline of 13.3%.

"As anticipated, the pace of housing starts observed in April was not sustained in May. In fact, the pace in May was more in line with the average over the last six months," CMHC deputy chief economist Mathieu Laberge said in a statement.

"Although some ups and downs are likely to continue in the months ahead, the pace of housing starts should trend lower as the year progresses," he added.

As has been the case for some time, multi-units starts (apartments, condominiums and the like) continue to outpace single home starts. Most analysts attributed the big jump in multi-starts in April to an unusual number of projects breaking ground at the same time. Most agreed the fallback in May was a good thing as housing starts were beginning to seriously outpace the anticipated formation of new households this year.

Urban starts fell 15.8% to 189,600 units in May with single starts dropping by 4.2% to 64,300 units and multiples decreasing 20.7% to 125,300 units.

Regionally, urban starts fell 35.8% in Quebec; by 18.3% in Ontario; and by 7.7% in the Prairies. Urban starts gained 6.4% in Atlantic Canada and 20.9% in British Columbia.

Rural starts were estimated at a seasonally adjusted annual rate of 21,800 units in May.

Image
Chart courtesy of Canada Mortgage & Housing Corporation.

<Previous   Next>
Banner
Other News
BWA sponsors High Point exhibit
HANOVER, Ontario (24 April 2015) - Four members of the Bluewater Wood Alliance will share showroom space at the upcoming High Point Market as part of the group's efforts to expand export market opportunities for wood furniture and furnishings producers in this region of Ontario.
Read more...
Jordanna Caine joins Springwall
MONCTON (13 April 2015) - Bedding retail veteran Jordanna Caine has joined Springwall Sleep Products as national contract sales manager, a new position for the privately-held mattress manufacturer.
Read more...
Housing starts climb in March
OTTAWA (13 April 2015) - The trend measure of housing starts across the country was 179,016 units in March, down slightly from 180,236, according to the latest figures from Canada Mortgage & Housing Corporation (CMHC). However, actual starts in March were up 27.7% on a year-over-year basis, which the majority of industry observers attributed to weather-related setbacks during the first two months of the year.
Read more...
MIFF sales reach US$865 million
KUALA LUMPUR, (08 April 2015) - The organisers of the Malaysian International Furniture Fair (MIFF) said the five-day event rang up sales of US$865 million, the second highest sales level it has recorded to date.
Read more...
Banner

 

 .

Banner

Please, update your HGO profile

BRIGHTON, Ontario – To improve the efficiency of our newsletter delivery service and to bring ourselves in alignment with current Canadian legislation, we need our loyal readers to update their profiles.

If you’re in big ticket home goods, you can’t be without Home Goods Online – the only business-to-business news and information service for those working in Canada’s furniture, mattress, major appliance and consumer electronics industries.

Update Your Profile Now
Picture of the Day
Crate-Designs-Brant

Three members of the Bluewater Wood Alliance will exhibit for the first time at this week's High Point Market. Crate Designs will show its Brant collection of youth furniture. Made from Southern Yellow Pine, this 10-piece group features space saving beds, dressers and night table as well as a desk and chair set.The top of each case piece is made from the same material as kitchen countertops, making them durable and easy-to-clean. Click here to read our report. 


 

 

Banner
 
Banner
Banner
Donald Cooper
My Turn!
HGO Merchandiser
Banner
Upcoming Events
There are no upcoming events within the search range currently scheduled.
View Full Calendar