Canadian housing starts trended higher in August [From the web]

OTTAWA, Sept. 10, 2019 (Yahoo Finance) -The trend in housing starts was 218,998 units in August 2019 , compared to 208,931 units in July 2019 , according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

"The national trend in housing starts increased in August," said Bob Dugan , CMHC's chief economist. "Higher trending single-detached starts in urban centres in July and August following roughly a year of declines combined with higher-trending multi-family units in August to push the total starts trend to its ...

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