2008 First Quarter Housing Starts
Housing starts in the Moncton CMA for the first quarter of 2008 are down 32% from last year's stellar numbers according to preliminary numbers released by the Canada Mortgage and Housing Corporation.
I'm not surprised given the winter we've endured thus far. The good news is that because of all the snow cover there's not much frost in the ground to hamper the excavation crews now that April is here.
I expect the number of starts to rebound in April and May. I predict the next quarterly report will show year to date starts equaling the 2007 numbers.
I'm not surprised given the winter we've endured thus far. The good news is that because of all the snow cover there's not much frost in the ground to hamper the excavation crews now that April is here.
I expect the number of starts to rebound in April and May. I predict the next quarterly report will show year to date starts equaling the 2007 numbers.
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