• Prior was 236K
  • Starts -3% vs -22% prior
  • Multiple starts -5%
  • Single-detached starts +7%
  • Full report

There's a renewed push from Canadian politicians to make it easier to build homes and that could add supply starting in 2023 or 2024 if changes are enacted. For now, it's all about profits for home builders and managing supply chains. Given the incredible margins in home building right now, I expect an extremely busy building season.