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Housing starts drop throughout September

Last Updated Oct 10, 2017 at 10:22 am MDT

Builders work on a new home in the Beacon Hills area after wildfires last year destroyed most of the neighbourhood in Fort McMurray, Alta. Friday, April 21, 2017. The federal housing agency says rebuilding efforts in Fort McMurray, Alta., are going faster than expected, with reconstruction underway on one-third of the homes destroyed in last year's wildfires. THE CANADIAN PRESS/Todd Korol

Housing starts in the Wood Buffalo region slowed throughout September.

The Canada Mortgage and Housing Corporation (CMHC) is reporting that construction started on 94 houses, compared to 133 in August 2017.

On September 22, the RMWB provided an update on rebuild throughout the region.

So far, 1110 building permits have been issued and 158 dwellings have passed their final inspection.

Nationally housing starts decreased as well.

“Housing starts are trending lower in September after increasing for eight consecutive months,” said Bob Dugan, CMHC’s chief economist. “Nevertheless, new home construction remains very strong as the seasonally adjusted number of starts was above 200,000 units for four straight months.”

Last month, 214, 821 units started construction compared to 220, 573 in August 2017.