Housing starts slow in February

The six-month trend in housing starts increased 1.1 percent in February to 239,382 units, according to the Canada Mortgage and Housing Corp. The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts. The total monthly SAAR of housing starts decreased 4.0 percent in February to 229,030 units, compared to 239,322 unit in January. Urban starts were down 17 percent year-over-year.