US Housing Starts – February 18, 2015

US Housing Starts – February 18, 2015

Housing starts in the United States declined 2 per cent in January to a seasonally adjusted annual rate (SAAR) of 1.07 million units. New home construction in the US has been above 1 million units SAAR for several months and the US housing market is gradually returning to a more healthy state as starts catch up with population growth and a thriving economy inspires buyers back into the market. 

A healthy US housing market is a key driver of BC export growth and we expect the resurgent US economy to be a vital factor in accelerating economic growth in BC this year. 

For more information, please contact:  Gino Pezzani.

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