Monitor CA Housing Starts to gauge economic health; a key indicator reflecting job creation and construction activity.
This serves as a key indicator of economic vitality, as building construction has a broad impact. For instance, it generates jobs for construction workers, while subcontractors and inspectors are engaged, and various construction services are procured by the builder. Although the data is presented monthly, it is reported on an annualized basis (monthly figure x12).
What it Measures
The annualized count of new residential buildings that commenced construction in the prior month.
Usual Effect
A result that exceeds the forecast is favorable for the currency.
Source & Frequency
CMHC (latest release) - https://www.cmhc-schl.gc.ca/en • Data is published monthly, approximately 16 days after the conclusion of the month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
Canada Mortgage and Housing Corporation (CMHC)