Canadian Housing Starts Edge Marginally Lower as Expected in May

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 8, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Housing starts have now moderated in each of the last three months after averaging above the 200,000 level for the six-month period from September 2015 to February 2016. The dip in May 2016 reflected a 5.7% pullback in the multi-unit component (a third consecutive monthly decline) with single-detached home starts[​IMG]

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