Positive Housing Start Numbers
Friday, November 9, 2012 @ 3:58 AM
Prince George, B.C.- Housing starts in Prince George were up last month compared to October of 2011.
The latest stats from Canada Mortgage and Housing show, there were 23 single detached homes started last month, compared to14 in October of 2011. As for multiple starts, that number is also up, with 4 such starts last month, compared to 2 in October of 2011.
The Year to Date numbers are also up, with 132 single detached starts in Prince George as of the end of October 2012, compared to 106 for the same ten months last year. As for multiples, there have been 49 such starts during the first ten months of 2012, compared to 41 for the same period in 2011.
Provincially, single-detached starts added 579 actual units in October 2012. Multiple-family starts totalled 1,699 actual units in October, compared to 1,700 units reported in October of last year.
Year-to-date total starts across the province have reached 22,114 actual units with multiple-family projects accounting for three-quarters of housing starts so far in 2012.
Overall, across the urban centres in the province, total starts this year remained ahead of the number recorded last year.
Comments
Umm, who is going to live in these new houses? Have we had a sudden surge of new people moving to PG?
Housing starts seem to be the ideal of governments to measure growth, but it is meaningless if there aren’t any people to live in them – or folks move out of an older house and it doesn’t get re-occupied.
For the life of me I can’t see why all these new subdivisions have been started up in the last 5 years – it isn’t like we’ve had a wave of new people demanding new houses, have we?
The houses all get occupied. The answer lies in fewer people on average per house than 20 – 30 years ago.
When a new subdivision pops up houses are built then sold, the next 5 houses are then built,and sold but oddly enough some of the first one are back on the market. This pattern happens all the way until the new subdivision is started. I see single family homes with a suite once a week, every week now for 6 years steady. I ask myself over and over, who buys these places?
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