Housing Starts in Canada Edge Down in August but Beat Expectations

Housing starts in Canada fell 1% in August compared to July.
The annualized rate of housing starts was 252,787 units, down from 255,232 units in July.
The decline was due to fewer groundbreakings on multiple-unit projects.
Starts were higher than economists' expectations of 247,100 units.
The data came from the Canadian Mortgage and Housing Corporation (CMHC).

reuters.com

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Posted 9/18/2023, 1:38:00 PM