September Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - Oct. 11, 2011) - Residential construction in New Brunswick's urban centres was up in September according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data¹ indicate that a total of 348 starts were recorded during the month compared to 153 starts for the same period in 2010.

"In New Brunswick, significant gains in apartment starts in both Fredericton and Moncton were responsible for the rise in residential housing starts in the month of September," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. In September, 235 multiple starts were recorded compared to 44 units for the same month last year. Year-to date, multiple starts are down 15 per cent from last year's total to 1,051 units.

Single starts in September were comparable to last year's total, with a four per cent increase to 113 units. Year-to-date, single starts have declined 20 per cent to 800 units.
"Despite the strong performance in September, the new home market in New Brunswick continues to trail last year's pace after the first three quarters of the year, with notable declines in both single and multiple starts," added Gautreau.

In urban centres across Canada, total housing starts recorded in September were up 14 per cent to 16,490 units compared to last year's total of 14,402. Single-detached starts were up five per cent to 6,262 units, while multiple starts were up 21 per cent to 10,228 units this year. In the Atlantic region, 1,094 new units were started in September 2011 compared to 720 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
	SEP	SEP		2011	2010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single	19	26	-26.9%	165	263	-37.3%
Multiple	4	4	0.0%	116	300	-61.3%
TOTAL	23	30	-23.3%	281	563	-50.1%
MONCTON CMA
Single	45	30	50.0%	288	344	-16.3%
Multiple	108	14	##	590	588	0.3%
TOTAL	153	44	##	878	932	-5.8%
FREDERICTON CA
Single	32	37	-13.5%	250	276	-9.4%
Multiple	115	24	##	300	297	1.0%
TOTAL	147	61	##	550	573	-4.0%
ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single	113	109	3.7%	800	1,002	-20.2%
Multiple	235	44	##	1,051	1,234	-14.8%
TOTAL	348	153	##	1,851	2,236	-17.2%
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.

PRELIMINARY QUARTERLY HOUSING STARTS NEW BRUNSWICK SUMMARY
	2011	2010	% Change	YEAR-TO-DATE		% Change
	Q3	Q3		2011	2010
ALL URBAN CENTRES WITH POPULATIONS > 10,000
SAINT JOHN CMA
Single	69	101	-31.7%	165	263	-37.3%
Multiple	56	198	-71.7%	116	300	-61.3%
TOTAL	125	299	-58.2%	281	563	-50.1%
MONCTON CMA
Single	144	163	-11.7%	288	344	-16.3%
Multiple	354	189	87.3%	590	588	0.3%
TOTAL	498	352	41.5%	878	932	-5.8%
FREDERICTON CA
Single	127	127	0.0%	250	276	-9.4%
Multiple	190	149	27.5%	300	297	1.0%
TOTAL	317	276	14.9%	550	573	-4.0%
BATHURST CA
Single	28	17	64.7%	48	45	6.7%
Multiple	13	10	30.0%	37	14	##
TOTAL	41	27	51.9%	85	59	44.1%
CAMPBELLTON CA
Single	3	8	-62.5%	6	10	-40.0%
Mulitple	4	28	-85.7%	4	28
TOTAL	7	36	-80.6%	10	38	-73.7%
EDMUNDSTON CA
Single	9	14	-35.7%	15	24	-37.5%
Multiple	4	7	-42.9%	4	7	-42.9%
TOTAL	13	21	-38.1%	19	31	-38.7%
MIRAMICHI CA
Single	17	23	-26.1%	28	40	-30.0%
Multiple	0	0	-	0	0	-
TOTAL	17	23	-26.1%	28	40	-30.0%
ALL URBAN CENTRES*
Single	403	453	-11.0%	800	1,002	-20.2%
Multiple	621	581	6.9%	1,051	1,234	-14.8%
TOTAL	1,024	1,034	-1.0%	1,851	2,236	-17.2%
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 CA, Fredericton CA, Bathurst CA, Campbellton CA, Edmundston CA, and Miramichi City).
## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.