CMHC Canada Housing Starts

Country:
Canada
CAD, Canadian dollar
Sector:
Housing
Medium 215.941 K 218.29 K
206.753 K
Last release Importance Actual Forecast
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Canada Mortgage and Housing Corporation (CMHC) Housing Starts show the number of new housing projects that started during the reported month. The indicator characterizes the activity in the housing market and related sectors, including banking (mortgage loans), construction sector, etc.

The indicator is calculated by the Canada Mortgage and Housing Corporation. Its database includes more than 14,000 housing units.

Housing starts data is rarely interpreted in absolute terms, since construction is highly dependent on weather conditions, geographic location in the region, and time of the year. That is why analysts normally measure the indicator change for several months. Economists pay special attention to the following reference points when interpreting the indicator:

  • an increase in demand for new homes points to the growth of the population welfare
  • an increase in new housing constructions leads to an increase of employment in the construction industry
  • an increase in demand for new homes may lead to an increased demand for other products needed to new home buyers, such as new furniture, appliances, etc. This may spur consumer activity and affect price indices
  • the indicator growth may lead to an increase in the real estate market

Taking into account the above points, higher readings of housing starts may have a positive impact on the Canadian dollar quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "CMHC Canada Housing Starts" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Nov 2018
215.941 K
218.29 K
206.753 K
Oct 2018
205.925 K
218.29 K
189.73 K
Sep 2018
188.683 K
222.117 K
198.843 K
Aug 2018
200.986 K
217.529 K
205.751 K
Jul 2018
206.314 K
217.769 K
246.2 K
Jun 2018
248.138 K
214.349 K
193.902 K
May 2018
195.613 K
220.121 K
216.775 K
Apr 2018
214.379 K
219.13 K
225.459 K
Mar 2018
225.213 K
218.204 K
231.026 K
Feb 2018
229.737 K
217.412 K
215.26 K
Jan 2018
216.21 K
215.782 K
216.275 K
Dec 2017
216.98 K
223.022 K
251.675 K
Nov 2017
252.184 K
210.512 K
222.695 K
Oct 2017
222.771 K
217.059 K
219.293 K
Sep 2017
217.118 K
215.05 K
225.918 K
Aug 2017
223.232 K
221.974 K
Jul 2017
222.3 K
212.9 K
Jun 2017
212.7 K
195 K
May 2017
194.7 K
213.5 K
Apr 2017
214.1 K
252.3 K
Mar 2017
253.7 K
214.3 K
Feb 2017
210.2 K
208.9 K
Jan 2017
207.4 K
207 K
Dec 2016
207 K
187.3 K
Nov 2016
184 K
192.3 K
Oct 2016
192.9 K
219.4 K
Sep 2016
220.6 K
184.2 K
Aug 2016
182.7 K
194.7 K
Jul 2016
198.4 K
218.3 K
Jun 2016
218.3 K
186.7 K
May 2016
188.6 K
191.4 K
Apr 2016
191.5 K
202.4 K
Mar 2016
204.3 K
219.1 K
Feb 2016
212.6 K
165.1 K
Jan 2016
166 K
173 K
Dec 2015
173 K
212 K
Nov 2015
211.9 K
197.7 K
Oct 2015
198.1 K
231.3 K
Sep 2015
230.7 K
214.3 K
Aug 2015
216.9 K
193.3 K
Jul 2015
193 K
202.3 K
Jun 2015
202.81 K
196.98 K
May 2015
201.7 K
183.3 K
Apr 2015
181.8 K
189.5 K
Mar 2015
189.7 K
156.3 K
Feb 2015
151.2 K
187.3 K
Jan 2015
187 K
180.6 K
Dec 2014
179.6 K
195.6 K
Nov 2014
193.2 K
183.6 K
Oct 2014
183.7 K
197.3 K

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