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| from
the field |
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| Canadian Housing
Starts Up in May |
By Ed Hernandez
The seasonally adjusted annual rate of housing starts
in Canada was 221,300 units in May, a modest increase
from 213,900 units in April. While housing starts in
May moved up from the strong level posted in April,
most of the increase reflected a rise in single starts,
which in April had reached their lowest level since
May 2001.
Despite this slight increase, the Canada Housing and
Mortgage Corporation (CMHC) continues to expect that
housing starts will trend gradually lower between now
and the end of 2008.
In May the seasonally adjusted annual rate of urban
starts climbed 4 percent to 192,800 units compared to
the units in April. Meanwhile, urban multiples saw a
slight increase at 1.9 percent to 116,100 units in May,
while singles rose 7.3 percent to 76,700 units, buoyed
by brisk starts in the Greater Toronto Area.
Ed Hernandez is the SFA’s market development
representative for Canada. ehernandez@steelframing.org.
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| UPCOMING
EVENTS |
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September
25, 2008
“It’s
All Green. Are you?: LEED, the New National Green Building
Standard and Green Globes” to be presented
by Maribeth Rizzuto, LEED AP and SFA Director of Education
and Sustainable Construction
Florida CFSEI chapter meeting
Orlando, Florida
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October
1, 2008
Steel Framing Alliance 10th Anniversary Dinner
Hyatt Regency Baltimore, Baltimore, Maryland
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October
1-3, 2008
METALCON International
Baltimore, Maryland
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