urban housing
SFH starts drop 14.5%
By Greg - Posted on May 10th, 2007
CMHC notes actual single family home urban housing starts are down around 14.5% in the first 4 months of 2007 versus the first 4 months of 2006. This is blamed on affordability and a skills shortage.
What is not explained is how there was enough skill last spring to start 14% more houses.
Looks like developers are keeping an eye on what is happening south of the border, and are trying to engineer the proverbial soft landing.
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