Canadian housing starts decline in December from November but remain above the 200,000 mark

PORTLAND, OR, Jan. 10, 2019 (RISI) -Canadian housing starts were an seasonally adjusted annual rate (SAAR) of 213,419 units in December, down from 224,349 units in November, according to Canada Mortgage and Housing Corporation (CMHC). The SAAR of urban starts decreased by 5.8% in December to 194,594 units. Multiple urban starts decreased by 6.8% to 144,728 units in December while single-detached urban starts decreased by 2.6% to 49,866 units.

The trend in housing starts was 206,981 units in December 2018, compared to 212,338 units in November 2018. This trend measure is a six-month moving average of the monthly SAARs of housing ...

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