Housing starts trend up in April, says CMHC

The annual trend for new home construction in April was up 8% from March, according to the Canada Mortgage and Housing Corporation.

The agency says the seasonally adjusted annual number of housing starts in April was 267,330 units, compared to 248,389 in March.

The increase came as the annual number of urban housing starts rose 10% to 245,324 units in April.

The annual number of urban multi-unit starts rose 14 per cent to 178,092, while the pace of urban single-detached starts rose 1 per cent to 67,232.

Rural housing starts were estimated at a seasonally adjusted annual rate of 22,006 units.

The six-month moving average of the seasonally adjusted monthly annual rate of housing starts was 257,846 units in April, compared with 253,226 in March.

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