The figures to date indicate housing starts
will continue at last year's levels, if not slightly improved, he notes.
In particular, using cross-correlation analysis, I find the relationship between housing starts
and the number of houses sold is positively correlated (as number of houses sold increase, housing starts
increase) at least for two years.
In northeastern Ontario, a housing starts
and completions survey recorded seven single-detached starts in the four cities for March.
9% increase in housing starts
for Q2 2004 (6,535) compared with Q2 2003 (5,989)
declined in all regions -- the Tokyo metropolitan area, central Japan's Chubu area, western Japan's Kinki area and other areas.
A stronger employment picture in Sudbury is contributing to the strength in housing starts
in 2002, with an average of 72,700 people employed.
In December, housing starts
totaled 107,906 units, up 10.
In the past, housing starts
increased to 370 in 1985 to 983 in 1989, then fell to 563 in 1992.
also increased throughout the country, with regional gains ranging from 6% in the South to 22.
Meltzer points to the lowest unemployment rates in three decades, brisk retail sales and housing starts
that, though they dropped last month, remain about 16 percent above last year's levels.
It is fairly safe to assume that housing completions will follow housing starts
after a several-month lag.
33% increase in housing starts
for Q2 2005 (4,357) compared with Q2 2004 (3,271)