Home : Blogs : Larry Estabrooks, Moncton Real Estate : Moncton Homes and Real Estate

New Brunswick Housing Starts Lower - January 2009

Information just released by the Canada Mortgage and Housing Corporation indicate that total housing starts declined in New Brunswick's urban centres in January.

The Saint John CMA (- 24%) recorded the most total starts for January.

The Moncton CMA (- 36%) fared slightly worse than New Brunswick as a whole ( - 33%) but better than Canada as a whole (- 40%).

Fredericton (- 38%) recorded the most single family detached starts of all the urban centres.

Was it our colder than normal January or the global economic uncertainty effecting our housing starts?

As the weather and our construction season heats up, will our housing starts rebound?

Time will tell.

Total Housing Starts January (source - CMHC - 2009 preliminary)

chart

I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton

Contact me with your real estate market questions at www.LarryEstabrooks.com

Posted by Larry Estabrooks, Moncton Real Estate on 02/09/2009 04:22 PM

Comments (2)

new brunswick housing starts

This post has been included in New Brunswick Information

2 Comments on New Brunswick Housing Starts Lower - January 2009

FEB

Larry - definitely a sign of the times ... new home construction is just one more indicator of the market direction.

FEB

It was not a good January for the weather or housing starts. We'll see what spring brings.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?