Tag Archive for ‘starts’

Housing Permits Continue Rise

The US Census Bureau and Department of Housing and Urban Development housing construction report for January contains mixed but mostly positive results. Housing permits continued their steady increase to a new high not seen since mid-2008. Total permit activity was up 1.8% and the rise was evenly spread across single-family, up 1.9% and multifamily, up 1.5%.   Total housing starts… 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 ›

Housing Production Takes a Breather

Housing starts fell 3% in November but from an elevated level in September and October. Single-family starts declined 4.1% also adjusting from what may have been a momentary surge in September and October as builders try to restock very low inventory levels. The interpretation is further supported by a 3.6% rise in permits, an indicator of future construction activity.  … Read More ›

Confidence in Multifamily Production Mostly Up in the Third Quarter, with Some Weakness in Low-Rent

The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), remained fairly steady in the third quarter of 2012 at 52—the third straight quarter the index has been over 50. The MPI measures builder and developer sentiment about conditions for apartment and condominium construction, and is are scaled so that any number over 50 means more… 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 ›

Housing Starts Continue Advance

HUD and the US Census Bureau reported housing starts for October were up 3.6% from their elevated September level to a seasonally-adjusted annual level of 894,000, the highest since July 2008. On an annual basis, starts increased 41.9% from October 2011. The monthly increase was entirely in multifamily rental production, which rose 11.9% while single-family production was virtually unchanged.  … 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 ›

Housing Construction Accelerates

Housing starts and housing permits for September showed a surprisingly strong growth. Overall starts increased 15% to an annualized rate of 872,000, the highest since July 2008. The increase was nearly universal with single-family starts increasing 11% to 603,000, the highest since August 2008, and multifamily increasing 25% to 269,000, the highest since September 2008. Three census regions also saw… Read More ›

Single-Family Built-for-Rent Share Remains Elevated

Despite some recent ups and downs, the share of single-family homes built for rental purposes remains higher than historical norms. According to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, the market share of single-family homes built for rental purposes, as measured on a one-year moving average, stands at 4.3% for the 2nd quarter of… Read More ›