Pace of housing starts climbs 13% in February, says CMHC

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The national housing agency says the seasonally adjusted annual rate of housing starts for the second month of the year was 243,959 units compared with 216,514 in January.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.

The annual rate of multi-unit urban starts increased 18 per cent to 173,745 for the month, while the pace of starts for single-detached urban homes rose eight per cent to 48,918 units.

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