MONCTON, NEW BRUNSWICK--(Marketwire - June 8, 2011) - Residential construction in New Brunswick's urban centres was lower in May according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data(1) indicate that a total of 244 starts were recorded during the month compared to 359 starts for the same period in 2010.
"The decline in housing starts observed in May was part of an overall reduction in residential construction activity, as both single and multiple starts were down significantly in New Brunswick's urban centres," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts were down 42 per cent in May, with a total of 112 units compared to 192 during the same month last year. Year-to-date, single starts have declined 35 per cent to 251 units.
In May, multiple starts were down 21 per cent for a monthly total of 132 units. Year-to date, multiple starts were down 47 per cent from last year's total of 444 units to 235 starts. "Apartment starts have remained relatively weak to the end of May, contributing to the overall decline in new home construction activity observed in the province," added Gautreau.
In urban centres across Canada, total housing starts recorded in May were down seven per cent to 15,025 units compared to last year's total of 16,178. Single-detached starts were down 23 per cent to 6,005 units, while multiple starts were up seven per cent to 9,020 units this year. In the Atlantic region, 848 new units were started in May 2011 compared to 1,137 units during the same period in 2010.
As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.
(1) Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.
For more information, visit www.cmhc.ca or call 1 800 668-2642.
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| PRELIMINARY URBAN MONTHLY HOUSING STARTS NEW BRUNSWICK SUMMARY | ||||||
| 2011 | 2010 | % Change | YEAR-TO-DATE | % Change | ||
| MAY | MAY | 2011 | 2010 | |||
| ALL URBAN CENTRES WITH POPULATIONS > 50,000 | ||||||
| SAINT JOHN CMA | ||||||
| Single | 29 | 62 | -53.2% | 71 | 126 | -43.7% |
| Multiple | 4 | 28 | -85.7% | 31 | 102 | -69.6% |
| TOTAL | 33 | 90 | -63.3% | 102 | 228 | -55.3% |
| MONCTON CMA | ||||||
| Single | 42 | 68 | -38.2% | 73 | 126 | -42.1% |
| Multiple | 90 | 115 | -21.7% | 162 | 249 | -34.9% |
| TOTAL | 132 | 183 | -27.9% | 235 | 375 | -37.3% |
| FREDERICTON CA | ||||||
| Single | 15 | 39 | -61.5% | 71 | 96 | -26.0% |
| Multiple | 38 | 23 | 65.2% | 42 | 89 | -52.8% |
| TOTAL | 53 | 62 | -14.5% | 113 | 185 | -38.9% |
| ALL URBAN CENTRES WITH POPULATION >10,000* | ||||||
| ALL CENTRES | ||||||
| Single | 112 | 192 | -41.7% | 251 | 384 | -34.6% |
| Multiple | 132 | 167 | -21.0% | 235 | 444 | -47.1% |
| TOTAL | 244 | 359 | -32.0% | 486 | 828 | -41.3% |
| Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results. | ||||||
| * Includes all centres with a total population of more than 10,000 (Saint John CMA, Moncton CMA, Fredericton CA, Bathurst CA, Campbellton CA, Edmundston CA, and Miramichi CA). | ||||||
| ## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers. | ||||||
Contact Information:
CMHC Market Analysis Centre
(506) 851-2742
Cell: (506) 866-9002
cgautrea@cmhc-schl.gc.ca