February 15, 2024 13:49 GMT
Jan Housing Starts -10% Despite Increased Demand
CANADA DATA
- Seasonally adjusted starts -10% to 223,589 units after +18% MOM in Dec.
- Even with decline the total is the second highest for the month on Jan in records back to 1990
- 6M moving average -2% in Jan from -2.1% in Dec.
- CMHC estimates that +3.5M homes are needed by 2030 to meet demand.
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