Thursday, July 11, 2013

Nanaimo Housing Starts June 2013

Housing Starts Off 39%  
June 2013 / 2012
Single Detached Off 2 Units
Multiple Starts Off 12 units 

Single detached housing starts decreased in June from 22 in 2012 to 20 in 2013 while multi- family units decreased from 17 in 2012 to 5 in 2013 resulting in a total of 25 units in 2013 as opposed to 39 units in 2012.

The year to date totals show a decline in the year to date figures from 349 units reported YTD in June 2012 compared with 205 units YTD in June 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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