House Construction Down In August

October 1, 2012 at 7:01 pm Leave a comment

New residential construction in the Kitchener-Cambridge-Waterloo area decreased in August compared to the same month of 2011, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC).

Construction began on 93 homes, down from the 451 units started in August 2011.

Starts in August were at the lowest level for any month in more than three years. Builders started 71 single-detached homes in August, down from the 97 homes started a year ago. No apartments were started, compared to the 336 units started in August 2011. Townhouse starts increased to 22 units, from the 16.

Source: CambridgeTimes.ca

 

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Entry filed under: Cambridge, Kitchener, Waterloo, Waterloo Region. Tags: , , , , .

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