Canadian housing starts fall 6% in May
Tweet
Share
E-mail
A person walks in front of new homes under construction in Brampton, Ontario, Canada July 13, 2022. REUTERS/Carlos Osorio
TORONTO, June 15 (Reuters) - Canadian housing starts fell 6% in May from the previous month, which was a smaller decline than expected, data from the national housing agency showed on Monday.
The seasonally adjusted annualized rate of housing starts decreased to 261,377 units from a revised 278,380 units in April, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 255,000.
(Reporting by Fergal Smith; Editing by Andrew Cawthorne)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Chinese drone maker DJI gets fresh chance to escape Pentagon's blacklist
- Woman charged over vandalism of Washington's World War Two memorial
- US raises pressure on EU to 'deliver' on non-tariff trade commitments
Create E-mail Alert Related Categories
ReutersRelated Entities
Housing StartsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
