Tag Archive for ‘permits’

Snapshot of Local HBA Economic and Housing Statistics

NAHB recently released an on-line tool that provides economic and housing statistics for all local associations.  The tool allows users to easily compare local area statistics to other associations, state and national figures. In addition to providing members with information on the local market, executive officers may find this tool helpful when responding to requests from local media. The statistics… Read More ›

Multifamily Production Falls Back to November Rate

The Census Bureau’s preliminary estimate of starts in buildings with five or more apartments for January came in at 260,000 (at a seasonally adjusted  annual rate).  As predicted in last month’s post, a rate well in excess of 300,000 proved too high to sustain.  In fact, the five-plus starts rate for December was revised upward, from 330,000 to 352,000—so the preliminary… Read More ›

Multifamily Production Rate Hits 4.5-Year High

In December, the (seasonally adjusted) annual rate of starts in buildings with five or more apartments increased by 23 percent from the revised figure for November, to 330,000.  The November figure was revised down substantially, but the big news is that the rate of multifamily production continues to climb, even after the large improvements it made in September and October of 2012—to the point where,… Read More ›

Apartment Production Stable at 4-Year High

In November, the (seasonally adjusted) annual rate of starts in buildings with five or more apartments was 285,000, according to the latest  release from the Census Bureau’s Manufacturing and Construction Division.   In the release this shows up as a 4,000 increase from October, but the five-plus starts rate for October was revised downward by 4,000; so the preliminary rate for November… Read More ›

Production of New Apartments: Upward Trend Continues

In October, the previous month’s upward trend in multifamily production continued, as starts in buildings with five or more apartments came in at a (seasonally adjusted annual) rate of 285,000.  Although the line isn’t completely solid, buildings with at least five apartments are generally a reasonable way to draw a distinction between smaller “mom and pop” operations and  the province… Read More ›

Apartment Production Numbers Hit 4-Year Highs in September

In September, the (seasonally adjusted) annual rate of starts in buildings with five or more apartments was 260,000, according to the latest release from the Census Bureau’s Manufacturing and Construction Division.  This is up 25 percent from August, and the highest the five-plus starts rate has been since September of 2008.  To illustrate how far the market has come from the… Read More ›

Apartment Production Up Strongly Year Over Year

The Census Bureau’s preliminary estimate for starts in buildings with five or more apartments in July came in at  229,000 units (at a seasonally adjusted annual rate), up 9.6 percent from the revised figure for June (revisions to the May and June numbers were minor). The 3-month moving average has been very stable, hovering between 205,000 and 210,000 for the past… Read More ›

Multifamily Starts Rebound in June

The Census Bureau’s preliminary estimate of starts in buildings with five or more apartments for June came in at 213,000 (at a seasonally adjusted annual rate).  This is a 17 percent increase from May and reversed well over half of the previous month’s decline.  (Month to month fluctuations on this order of magnitude are typical for multifamily construction. )  On a year-over-year basis, five-plus… Read More ›

Five-Plus Starts Sustain Longest Stretch Above 200K Since 2008

In April, the (seasonally adjusted) annual rate of starts in buildings with five or more apartments increased by 4 percent from the revised figure for March, to 217,000.  However, the biggest multifamily news in the latest release from the Census Bureau’s Manufacturing and Construction Division lies in the revisions to previous numbers.  The five-plus starts rate for February was revised upward by 8… Read More ›