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GDP growth was 4.1 per cent in 2014.Article content continued”Not only do they give a strong indication of consumer confidence but they also do have this ripple effect,” said Hirsch. “So when you build a new house, you put new flooring in it, you put new furniture in it, you put appliances in it. All of these things which go beyond just the housing sector into the retail and the wholesale trade.”There are definitely ripple effects when a new house is built that go beyond just the construction of it.”Hirsch said the drop in housing starts in the Calgary region is a prelude of what is to come this year for the city’s economy.”But the glass is half full side is that actually if housing starts do come down it will prevent too much inventory from going on the market,” he said.

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