Spring home construction hits a post-boom high
Starts up 27 per cent from a year ago in April and 36 per cent in the first four months
BY BILL MAH, EDMONTON JOURNAL MAY 8, 2012 12:02 PM
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STORYPHOTOS ( 1 )
A crane lowers the finished roof onto a new home under construction near 215th Street north of 45th Avenue.
Photograph by: Bruce Edwards , Edmonton Journal
EDMONTON - Edmonton-region homebuilders are much busier than they were a year ago, with housing starts in April up 27.6 per cent from 2011.
April starts in the Edmonton census metropolitan area totalled 967 units, up from 758 units the previous year, the Canada Mortgage Housing Corp. said Tuesday.
In the single-detached market, which tends to be less volatile than the multi-family sector, builders started 493 units in April across the region. That’s up 13 per cent from 436 single starts a year earlier.
For Edmonton alone, builders broke ground on 313 singles in April, up nine per cent year-over-year.
“This is the fifth consecutive month where starts were higher on a year-over-year basis,” said Christina Butchart, CMHC’s senior market analyst for Edmonton.
Multi-family starts in the CMA in April rose 47 per cent year-over-year to 474 units.
“With 1,596 units to the end of April, multi-family starts across the Edmonton CMA were almost 50 per cent higher than the first four months of 2011, accounting for half of all housing starts so far this year,” Butchart said.
For the year to date, total housing starts in the Edmonton CMA jumped 36.5 per cent to 3,172, up from 2,323 for the first four months of 2011.
http://www.edmontonjournal.com/business/business/6586381/story.html