Pace of home construction slows
Canada Mortgage and Housing Corp. says the pace of home construction slowed last month but remained within its recently updated projection for 2011.
Housing starts in August fell to a seasonally adjusted annual rate of 184,700 units — down from 204,500 in July.
Activity in urban areas dropped by 10.2 per cent to 165,800 units — mostly due to fewer multiple-dwelling starts.
The actual number of housing starts of all types in August was 16,464 across the country — down from 17,111 in August 2010.
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