By Dori Modney (@Dori_Modney on Twitter)

Year-over-year new home construction continues to lag behind last year

Oct 11, 2016 | 10:20 AM

LETHBRIDGE – A slight increase in multi-family home starts last month helped bump up new home starts for September in Lethbridge. However, the year-to-date numbers paint a picture of continued new home construction decline.

There were a combined 63 single and multi-family new home starts in the city last month, compared to 58 in September of 2015.

However, year-to-date, there have been 480 new home starts compared to 663 during the first three-quarters of last year.

It’s a small consolation but, Lethbridge isn’t alone with the drop in new home construction.

Every major urban centre in Alberta has registered declines in new home starts The Calgary Census Metropolitan area has seen a drop of about one third, while the numbers in Edmonton are down by almost half.

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The province’s seven major urban areas combined recorded new home starts dropped by more than 10,000 units in the first three quarters of 2016, compared to the same period in 2015.