OTTAWA, (Reuters) - The value of building permits issued in Canada rose in April for the first time since January but fell short of expectations as a drop in non-residential construction plans partially offset a gain in housing.
Builders took out C$6 billion ($5.5 billion) worth of permits in the month, Statistics Canada reported on Thursday, up 1.1 percent from March but below the market forecast of a 4 percent increase.
Statscan revised the March decrease in permits to 3.2 percent from 3 percent.
The value of residential permits rose for the second straight month, up 2 percent from March. Intentions for single-family dwellings jumped 2.8 percent as an increase in Ontario offset declines in Alberta and four other provinces.
For multiple-family dwellings, the value of permits climbed 1.1 percent, led by Alberta.
The strength in housing was partially offset by a 0.4 percent decline in non-residential construction projects. The value of permits issued in the heavyweight commercial component fell while it rose for the institutional and industrial components.
On a year-on-year basis, the total value of permits fell 13.4 percent, with the residential component down 13.8 percent and the non-residential component down 12.7 percent.
Reporting by Louise Egan and Alex Paterson; Editing by Sofina Mirza-Reid