STEEL FRAMING ALLIANCE | FRAMEWORK ONLINE
August 6, 2008
from the field
 
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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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
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Brought to you by the Steel Framing Alliance (SFA) on the first Wednesday of each month, Framework Online arms you with the latest news and commentary on the steel framing and construction industries. In addition to industry headlines, trends and project profiles, Framework Online provides information and ideas that will better enable members to increase their participation in the residential and commercial construction markets.