Single Detached Starts Down

Wednesday, October 08, 2008 02:40 PM

Prince George, B.C. The latest housing start stats for Prince George show a significant drop in the number of single detached homes started in September ( down 58.3%) .

While the number of single detached homes started in the first 9 months of the year is also down compared to 2007 ( which was considered a banner year), the number of multiple starts so far this year is still in the plus column with a 50% increase.

Overall, the Prince George area ends up with a 39.1% decrease in starts from January to September when compared to the same period in 2007.

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Posted on Wednesday, October 08, 2008 02:40 PM in News by 250 News

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Comments

Posted by: Harbinger on October 8 2008 5:44 PM

Kinda glad I don't own a subdivision with only one and a half houses. Good luck to the guy who does.

Posted by: slick-rick on October 8 2008 8:52 PM

It looks like the real estate bubble is about to burst like it did in the US.

Posted by: dogs on October 11 2008 11:24 AM

Just at a seminar on this topic- no one could define what is meant by the bubble bursting- 40% drop/ or more- most of BC will probadly is a modest drop of 15-20% while other areas may drop more. Also if you go to the US some areas are doing well and others the bubble has burst but to apply a general statement to all states and cities about the real estate is completely incorrect.

Posted by: dogs on October 11 2008 11:25 AM