Wednesday, August 14, 2013

Nanaimo Housing Starts July 2013

Housing Starts Off 84%  
July 2013 / 2012
Single Detached Off 18 Units
Multiple Starts Off 45 units 

Single detached housing starts decreased in July from 27 in 2012 to 9 in 2013 while multi- family units decreased from 48 in 2012 to 3 in 2013 resulting in a total of 12 units in 2013 as opposed to 75 units in 2012.

The year to date totals show a decline in the year to date figures from 424 units reported YTD in July 2012 compared with 217 units YTD in July 2013.

It should be noted that last year at this time the multiple housing starts figure was boosted by the large apartment complex being built on Terminal Avenue. So as much as the numbers show a massive decline, it is not as gloomy as it might look since one project accounted for the large number of multiple housing units being built last year.


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