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Housing Starts Decrease in June

OTTAWA, Ontario, July 10, 2007 — The seasonally adjusted annual rate1 of housing starts was 225,500 units in June, down from 235,200 units in May, according to Canada Mortgage and Housing Corporation (CMHC). “Following a significant increase in May, the volatile multiple segment lost most of the ground it gained in June,” said Bob Dugan, Chief Economist at CMHC’s Market …

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Source: CanEquity Mortgage News

This entry was posted on Tuesday, July 10th, 2007 at 11:20 am and is filed under Advice. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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