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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- Housing starts fell by more than expected in June, to 242k (cons 254k) after 265k, but the series historical volatility and landing just before Canadian CPI had little impact.
- The latest path sees starts fall a seasonally adjusted 9% M/M in June after jumping 10% in May.
- Urban multi-units are again the driver here (-11.7% after 12.8%) whilst urban single units continue their latest recovery (1.8% after 3.4%).
- The volatility in multi-units aside, their outright level continues to dominate those of single units, with more than 4x multi-unit projects than single units in June.
- The outright level of starts remains higher than pre-pandemic levels, with starts so far this year averaging 15-20% higher than the 2019 average. The relative acceleration in home building will be welcome for relieving housing pressures but there is still a ways to go amidst booming population growth.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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