Tag Archive for ‘starts’

Increase for Single-Family Built-for-Rent Construction

Single-family homes built-for-rent increased to approximately 8,000 starts for the second quarter of 2015, compared to about 6,000 for the same period of 2014. The share and count of built-for-rent starts are off post-recession highs and will likely approach historical norms as the housing market continues to expand. However, given the relatively small size of this market, care must be taken when tracing changes in the… Read More ›

Year-over-Year Gains for Custom Home Building

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder acting as the general contractor) posted a slight increase on a year-over year basis as of the second quarter of 2015. Over the last four quarters,… Read More ›

Townhouse Construction at Seven-Year High

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 24,000 for the second quarter of 2015, up 26% from a year prior. Over the last four quarters, townhouse starts totaled 78,000 nationwide. The second quarter pace of townhouse construction is the fastest since the first quarter of 2008. Using a… Read More ›

New Single-Family Home Size Trends Flat

The typical size of newly built single-family homes was effectively unchanged from the first to second quarter of 2015, posting small quarterly declines. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical home size is expected to trend somewhat lower. According to second quarter 2015… Read More ›

Builders Continue to Build

July housing starts moved sideways, but the split between single-family and multifamily showed much greater change. Single-family housing starts increased almost 13 percent from June and topped the highest annualized rate since January 2008 when home buyer credits were available. Removing some of the monthly aberrations, the three-month moving average has been steadily increasing since the trough in 2011. Multifamily… Read More ›

Multifamily Drives June Starts Growth

Total housing starts expanded 9.8% month-over-month in June, reaching a 1.174 million annual starts pace. The strong growth rate was driven by the multifamily sector. According to the estimates from the jointly published Census Bureau and HUD June report, single-family starts were effectively flat, recording a 0.9% monthly decline to a 685,000 seasonally adjusted annual rate. Single-family starts were up 14.7% over the June 2014 pace and, as… Read More ›

Housing Starts Readjust

May housing starts fell 11.1% from an elevated April to a seasonally-adjusted annual rate of 1.036 million units. The drop was broad based, falling 5.4% in single-family to an annual rate of 680,000 and multifamily falling 20.2% to 356,000. When viewed from a quarterly average, however, the first two months of the second quarter were better than the first quarter… Read More ›

Housing Recovery – Prices and Production

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released the Home Price Index (HPI) for March. The price index reported by the Federal Housing Finance Agency (FHFA) decelerated in March, slowing to an annualized growth rate of 4.2% from 7.8% in February. Monthly growth rates have been volatile but have trended down since the recent peak… Read More ›

Winter Slump Over

Builders increased building activity in April to a level not seen since November 2007. Total starts increased 20.2% from March to April to a seasonally-adjusted annual rate of 1.135 million. The increase was broad based with a 16.7% increase in single-family starts to a level of 733,000, the highest since January 2008, and multifamily (2 or more units in the… Read More ›

Modest Increase in Housing Production

Housing starts and permits rose modestly in March after a very disappointing February. Total housing starts increased 2% to an annual rate of 926,000 from an upwardly revised 908,000 in February. Single-family starts improved slightly better at a 4.4% increase to 618,000 from a virtually unchanged 592,000 in February. Multifamily starts did drop again to 308,000, the lowest annualized monthly… Read More ›

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