Housing starts rebound in June

OTTAWA — Canadian housing starts were at a seasonally adjusted annual rate of 211,681 units in June, the Canada Mortgage and Housing Corp. reports, an increase of 8.3 percent from 195,453 units in May. The SAAR of urban starts increased by 8.7 percent in June to 196,675 units. Multiple urban starts increased by 13 percent to 154,602 units while single-detached urban starts decreased by 4.5 percent to 42,073 units. Rural starts were estimated at a seasonally adjusted annual rate of 15,006 units.