Tag Archive for ‘single-family housing’

Moderate Growth in Existing Home Sales in November ….. Benchmark Revisions Released

Existing home sales continued to grow at a moderate rate on a month-to-month basis in November and also improved upon their year ago level. The National Association of Realtors (NAR) reported sales of existing homes, completed transactions of single-family, townhomes, condominiums and co-ops rose 4.0% in November to a seasonally adjusted annual rate of 4.42 million. This follows a modest… Read More ›

Single-Family and Multifamily Starts: Long-Run Trends

Growth in multifamily construction is leading the recent increase in housing starts. And with many analysts focusing on multifamily development, we thought it would be useful to consider the long-run relationship between single-family and multifamily housing starts. Over the last 40 years, a discernible trend has emerged with respect to the ratio of single-family to multifamily housing starts. Overall, both types of starts have been subject… Read More ›

Residential Construction Spending Rises in October

Spending on private residential construction projects jumped 3.4% during October. The initial estimate for September was also revised higher, shifting from a gain of 0.2% up to 0.6%. Even with these recent improvements, total private residential construction spending has failed to gain any considerable forward momentum in the past year, with modest growth of only 1.7% rate versus October 2010…. Read More ›