Housing Starts Down

By 250 News

CMHC says P.G had a  decline in starts January -April ( photo opinion250 staff)

Housing starts in Prince George were down for the first four months of this year.  That’s the report from CMHC which says province wide housing starts were down about 11%  compared to January to April  of  2006, but the report notes B.C.’s starts remain strong.

“Although new construction and resale market activity are moderating, homebuyer demand remains strong. The foundation of this demand continues to be BC’s buoyant economy, which is generating jobs and drawing people to the province,” said Robyn Adamache, Senior Market Analyst with CMHC.

In Prince Geoprge,  in April, there was as 23.1% drop in  starts of single detached homes,  and no change in the  number of multiple family home starts for an overall decline of 23.1%

For the year to date figures, the decline was not as dramatic.   In 2006 there had been 68 single family home starts January to end of April and in 2007 there were 66 for a decline of 2.9%.  On the multiple family dwelling side there  were 8 starts  in the same period of  2006, and none this year, so that was a 100% decline.   The overall decrease in starts ended up being 13.2%

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