-
The housing starts increased for the second consecutive month
The housing starts trendline increased for the second consecutive month due to a healthy number of actual housing starts in July. The trend was 242,525 units, up 2.8% from 235,819 units in June, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the monthly SAAR of total housing starts for all areas in Canada. The standalone monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada decreased 10% in July (254,966 units) compared to June (283,498 units), which was the strongest month so far this year. Despite the monthly ... (full story)