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Housing Starts in 2006 Reach Their Second Highest Level in Nearly Two Decades Despite Cooling in December

? New home starts are estimated at 227,400 in 2006, surpassing the level in 2005, reaching their second highest level in nearly two decades. However, the seasonally adjusted annual rate1 of housing starts decreased to 211,500 units in December from November's 229,300 units, according to Canada Mortgage and Housing Corporation (CMHC). ?Growth in 2006 ?

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Source: CanEquity Mortgage News

This entry was posted on Tuesday, January 9th, 2007 at 2:35 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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