Tuesday, October 11, 2011

Housing construction remains hot in September

Housing construction continues to stay hot in Thunder Bay.  Canada Mortgage and Housing Corporation Analyst Warren Philp says September saw 25 single detached starts, 5 more compared to the same month last year.  Overall Philp says we are 10 percent down in single detached housing but up 90 percent overall thanks to a sharp increase in multi family starts. Philp says with the warm weather we are continuing to enjoy he can't rule out another big month for October.