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Bullwinkle

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Bullwinkle

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Re: Bullwinkle post# 53642

Thursday, 09/09/2010 10:58:49 AM

Thursday, September 09, 2010 10:58:49 AM

Post# of 189276
CMHC: Canadian Housing Starts Decline In August
by RTT Staff Writer
9/9/2010 8:38 AM ET


(RTTNews) - Canadian housing starts fell in August, reflecting a decrease in demand for both single and multiple family dwellings, industry data showed Thursday.

Canada Mortgage and Housing Corporation's seasonally adjusted annual rate of housing starts was 183,300 units in August, down 3 percent from a revised rate of 188,900 in July.

Economists were expecting starts to slip to 185,000.

The nation's housing market is losing momentum following a relatively robust recovery from a downturn sparked by the global recession.

http://www.rttnews.com/Content/USEconomicNews.aspx?Node=B2&Id=1413790

**Happy Trading**

Your Economy #board- 1948

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