CMHC’s January Housing Starts for the St. John’s Area

February 8, 2011 · Filed Under CMHC Reports · Comment 

CMHC’s Housing Now publications was just released for Newfoundland and Labrador outlining January’s housing starts for the St. John’s real estate market.  Below is the outline of the press release.  For the full PDF file click here.

ST. JOHN’S, February 8, 2011 – Housing starts in the St. John’s region were flat during the month of January, according to preliminary released today by Canada Mortgage and Housing Corporation (CMHC).  January’s housing starts totaled 105 units throughout the St. John’s area compared to 104 units in January of 2010.  There were four additional starts  recorded outside the St. John’s area, for a total of 109 provincial urban housing starts compared to 113 last January.

“An 18 per cent increase in single-detached housing construction was offset by lower multiple unit starts activity  during January,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “While starts activity is expected to come off record highs, continued growth in employment, income and population will remain supportive of the local housing market this year,” added Janes.

In urban centres across Canada, total housing starts recorded in January were down six per cent to 9,773 units compared to last year’s total of 10,438. Single-detached starts declined 28 per cent to 3,463 units, while multiple starts increased 13 per cent to 6,310 units in January. In the Atlantic region, 480 new units were started in January compared to 441 units during the same period in 2010.

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December Housing Starts for the St. John’s Newfoundland

January 11, 2011 · Filed Under CMHC Reports · Comment 

This news was just released from Canadian Mortgage and Housing Corporation.

ST. JOHN’S, January 11, 2011 – Housing starts in the St. John’s region were lower during the month of December, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). December’s housing starts totaled 172 throughout the St. John’s area versus 201 starts in December of 2009. There were 27 additional starts recorded outside the St. John’s area, for a total of 199 provincial urban housing starts compared to 223 last December. For 2010, total starts were above 2009 levels, with 1,816 recorded throughout the St. John’s region versus 1,703 in 2009.

“Despite the record mild weather, total starts fell short of December 2009 levels due to both lower multiple unit and single-detached unit starts activity,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “New home construction slowed during the final months of 2010, but finished the year up seven per cent overall,” added Janes.

In urban centres across Canada, total housing starts recorded in December were down two per cent to 12,040 units compared to 2009’s total of 12,268.  Single-detached starts declined 20 per cent to 4,981 units, while  multiple starts increased 17 per cent to 7,059 units in 2010. In the Atlantic region, 611 new units were started in December 2010 compared to 672 units during the same period in 2009.

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CMHC: August Housing Starts in St. John’s Newfoundland

September 9, 2010 · Filed Under CMHC Reports · Comment 

ST. JOHN’S, September 9, 2010 – Urban housing starts increased during the month of August, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). August’s housing starts totaled 179 throughout the St. John’s area versus 151 starts in August of 2009. There were 18 additional starts recorded outside the St. John’s area, for a total of 197 provincial urban starts compared to 190 last August. Year-to-date, starts remain positive, with 1,177 recorded in the St. John’s region versus 1,026 last year.
“The number of new homes started in August is in line with the current forecast and the expectation that new home construction will slow over the remainder of 2010,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “New home demand was steady during the first half of 2010, but will taper off in the coming months, due to recent price growth and record high home prices,” added Janes. In urban centres across Canada, total housing starts increased 12 per cent with 14,253 recorded in August compared to 12,734 during August of 2009.

Throughout Atlantic Canada, there were 847 urban housing starts posted versus 907 the previous August, a decrease of seven per cent.

The full press release can be found here.

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St. John’s Real Estate July Housing Starts

August 10, 2010 · Filed Under CMHC Reports · Comment 

Just released from CMHC: Housing Now publications press release for housing starts in Newfoundland and Labrador.

“Urban housing starts decreased during the month of July, according to  preliminary released today by Canada Mortgage and Housing Corporation (CMHC). July’s housing starts totaled 176 throughout the St. John’s area versus 216 starts in July of 2009. There were 19 additional starts recorded outside the St. John’s area, for a total of 195 provincial urban starts compared to 270 last July. Year to- date, starts remain positive, with 998 recorded in the St. John’s region versus 875 last year.


“July’s decline in the number of new homes started is in line with the current forecast and the expectation that starts will slow over the  remainder of 2010,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “New home demand was steady in the first half of 2010, but will continue to be lower in the coming months, due to recent price growth and record high home prices,” added Janes.

In urban centres across Canada, total housing starts increased 34 per cent with 15,195 recorded in July compared to 11,313 during July of 2009. Throughout Atlantic Canada, there were 1,208 urban housing starts posted versus 954 the previous July, an increase of 27 per cent.”

The entire Housing Now release can be found here.

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CMHC St. John’s Area June Housing Starts

July 13, 2010 · Filed Under CMHC Reports, Market Trends and New Home Construction · Comment 

Urban housing starts increased during the month of June, according to preliminary data released by Canada Mortgage and Housing Corporation (CMHC). June’s housing starts totaled 232  throughout the St. John’s area versus 183 starts in June of 2009. There were  53 additional starts recorded outside the St. John’s area, for a total of  285 provincial urban starts compared to 230 last June. “The number of new homes started in June represents a significant increase compared to June 2009. Year-to-date starts are up 25 per cent within the St. John’s region,  with 822 starts recorded during the January to June period,” said Chris  Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Healthy economic and demographic trends have supported new home demand during the first half of 2010,” added Janes. In urban centres across Canada, total housing starts increased 31 per cent with 15,345 recorded in June compared to 11,686 during June of 2009. Throughout Atlantic Canada, there were 1,012 urban housing starts posted versus 904 the  previous June, an increase of 12 per cent.

Complete news release can be found here

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April Housing Starts in St. John’s Area

May 10, 2010 · Filed Under CMHC Reports · Comment 

ST. JOHN’S, May 10, 2010 – Urban housing starts increased during the month of April, according to preliminary  released today by Canada Mortgage and Housing Corporation (CMHC). April’s housing starts totaled 129 throughout the St. John’s area versus 87 starts in April of 2009. There were four additional starts recorded outside the St. John’s area, for a total of 133 provincial urban starts compared to 106 last April.

“April’s brisk new home construction activity positioned the market 48 per cent ahead of the same month last year and 25 per cent year-to-date,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Continued growth in local employment, income and population combined with low mortgage rates has supported residential construction activity during the first four months of 2010,” added Janes.

In urban centres across Canada, total housing starts increased 79 per cent with 14,995 recorded in April compared to 8,387 during April of 2009. Throughout Atlantic Canada, there were 573 urban housing starts posted versus 419 the previous April, an increase of 37 per cent.

SOURCE: CMHC

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CMHC Reports St. John’s Area February Housing Starts

March 9, 2010 · Filed Under CMHC Reports · Comment 

ST. JOHN’S, March 8, 2010 – Urban housing starts increased during the month of February, according to preliminary released today by Canada Mortgage and Housing Corporation (CMHC). February’s housing starts totaled 68 throughout the St. John’s area versus 45 starts in February of 2009. There were no additional starts recorded outside the St. John’s area. “February’s brisk residential construction activity was attributed to a combination of continued demand and an unseasonably mild winter month,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Local economic and demographic conditions continue to support new home construction throughout the St. John’s region and the first two months of 2010 indicate a solid start to the year,” added Janes.

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