Multifamily construction pushes housing starts

U.S. housing starts data can be volatile and subject to large revisions. Much of August’s gain was in the particularly volatile multi-family component, with starts on buildings with two or more units.

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Led by a steep 31.7 percent decline in multifamily production, nationwide housing starts fell 14.4 percent to a seasonally adjusted annual rate of 956,000 units in August.

Multifamily Drop Pushes Total Housing Starts Down as Single-Family Makes Gains March 16, 2018 A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of Housing and Urban Development and.

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HousingWire Content on ‘Multifamily starts’ By just about any way you look at it, 2018 was the best year for multifamily real estate this century: Renters paid more for housing than they ever have.

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“Housing starts increased for the first time in three months, driven by a surge in multifamily construction," Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting.

CALGARY – Multi-family starts continue to push new home construction to elevated levels in the Calgary region. According to Canada Mortgage and Housing Corp., there were 1,042 multi-family starts.

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U.S. new-home construction rose for a second month and topped estimates in April in a sign of positive momentum for the.

The 44% increase registered by the New York NY metropolitan area during the first half of 2018 was the result of an 83% hike for commercial building combined with 22% improvement for multifamily.

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Yet, Single-family Home Construction Picks Up Pace According to the U.S. Department of Housing and Urban Development and the Commerce Department, a decline in multifamily starts pushed overall housing production down 7.0 percent in February 2018 to a seasonally adjusted annual rate of 1.24 million units.

90 seconds @ 9am : China and Queenstown The pace of single-family housing construction starts in the U.S. was effectively flat in July from a strong, but downwardly revised, June rate. In contrast, the multifamily market continues to slow.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2019: NEW RESIDENTIAL CONSTRUCTION APRIL 2019 building permits: 1,296,000 Housing Starts: 1,235,000

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