A much bigger jump than expected
Housing starts across the country spiked by 30% last month compared with March, a much bigger jump than expected in a boost to the home construction and supply outlook.
For March, the SAAR was revised to 214,205 units, meaning April was the first month of the year when housing starts increased. In January, the six-month trend in housing starts was 239,322 units, falling to 229,030 units the following month
Kevin Hughes, CMHC’s deputy chief economist, highlighted the potential impact of economic storm clouds on starts in the months ahead. “The current economic uncertainty will have consequences for the supply and demand of new housing,” he said.
Full Read:
- https://www.mpamag.com/ca/mortgage-industry/market-updates/canada-housing-starts-surge/535860?hsmemberId=624931&tu=cab225e9-a56e-4453-ba7a-30cbd695b619&utm_campaign=&utm_medium=20250515&_hsenc=p2ANqtz-8Gmth5Qjo80-s_yUiy-i2lZ0XR9kYIO8BLa0_plXy5m79zX9RcStJA5tzz1tOIDxaIRQbQbglqSDc7cDXFq4ZT65CW-WZuX59qrbay4foYLAmX38g&_hsmi=361662130&utm_content=cab225e9-a56e-4453-ba7a-30cbd695b619&utm_source=