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Canadian New Homebuilding Responds to Hot Demand Conditions with Additional Supply

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Housing starts hit 218k units in June, up from 187k units in the prior month. The 6-month moving average trend in housing starts rose to 198k. From a regional perspective, BC (+38%) and Ontario (+27% m/m) showed the biggest increases. Ontario's gain was mostly due to a surge in apartment construction[​IMG]

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