Five provinces had decreases in
housing starts, while the western provinces were the only ones to see gains on a year-over-year percentage basis.
For all of 2017,
housing starts have risen a mere 2.
Single-family
housing starts last month reached 656,000, representing an 8.
Economists polled by Reuters had forecast
housing starts rising to a 635,000-unit rate.
In October alone, Norway's
housing starts jumped by 42.
In September alone, Norway's
housing starts rose by 8.
Although signs of recovery have been seen,
housing starts remain sluggish in the face of strict conditions in economy and employment,'' a ministry official said.
Cross-correlation analysis reveals that the association between
housing starts and the number of houses sold are strongly positive and immediate, and it continues to persist for over two years.
Regionally, both
housing starts and permits were down in the Northeast and Midwest, and rose in the South and West, compared with January.
Housing starts in northeastern Ontario through July are ahead of last year's pace, says the Canada Mortgage and Housing Corporation (CMHC).
The latest snapshot of UK house completions has revealed there were 40,300
housing starts in England during the quarter to December 2004 - up 13 per cent on the same period in 2003.
