Friday, December 11, 2009

Detached Home Starts Higher in November

New home starts were up in the London Census Metropolitan Area in November, according to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC). Total starts increased by 32 per cent due to a 58 per cent increase in single-detached starts compared to the same month in 2008. Year-to-date total starts were still down about 15 per cent.
“For the third consecutive month, single-detached home construction was up from its level a year ago,” said David Lan, CMHC’s London Market Analyst. “Construction outside of the city appears to be gaining momentum as well,“ added Lan.

No comments: