The Canadian Mortgage and Housing Corporation (CMHC) has reported that the seasonally adjusted annualized rate of housing starts fell <-3%> to 197,329 units from a revised 204,320 units in November. Economists had expected starts to rise to 210,000. The decrease is the result of a decline on groundbreaking on multiple unit homes.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Canadian housing starts see surprise decline in December: CMHC