New home selling conditions reach critical low point for future industry capacity: CHBA 

The latest quarterly Housing Market Index results published by the Canadian Home Builders’ Association (CHBA) continue to raise red flags and signal even fewer future housing starts for homeownership.

The results also warn of diminished long-term industry capacity if layoffs continue and strategic action is not taken to help the market rebound soon.

The Q4 single-family index fell again, dropping 5.5 points to 19.6 out of 100, marking the second consecutive record low and the first...