Wood News

Canadian housing starts dip in December

PORTLAND, OR , Jan. 9, 2013 (RISI) - 

Canadian housing starts in December were at a seasonally adjusted annual rate of 197,976 units, down from 201,376 in November, according to Canada Mortgage and Housing Corporation. The six-month trend in starts is at 212,282.

The seasonally adjusted annual rate of urban starts remained relatively stable in December, down 0.1%, reaching 178,870 units. Single urban starts rose by 8.6 % to 67,419 units, while multiple urban starts fell by 4.7 % to 111,451 units.

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