March Starts Increase to 155,000 Units Annualized
How much of a fuss should be made over the fact that housing starts in the country jumped up from 136,000 units (annualized) in February to 155,000 units in March, according to the latest report from Canada Mortgage and Housing Corporation (CMHC)? Some, but not much.
The current level is about the same as it was in January and lies well below the 200,000-units per month levels that were achieved during most of the preceding seven years. Furthermore, about 150,000 units is what many analysts have been expecting for the year as a whole anyway.
