Tag Archive for ‘starts’

Townhouse Market Share Growing Off Recent Lows

When we last reported on townhouse construction (attached single-family housing), townhouses had reached a decade low in terms of share of the total single-family construction market. We expected this short-run decline to end and the share of construction for townhouses to rise to its historically increasing long-run trend. Census data from the fourth quarter of 2011 suggests that this is happening. While the… Read More ›

Starts, Permits Indicate Relative Health of the Multifamily Sector

In February, the (seasonally adjusted) annual rate of starts  in buildings with five or more apartments was 233,000, according to the latest release from the Census Bureau’s Manufacturing and Construction Division.  This is a 29 percent increase from the January starts rate  (which was revised upward slightly) and more than double the starts rate for February 2011.   Although a rate of… Read More ›

Multifamily Starts Indicate Sustained Recovery

The Census Bureau’s preliminary estimate for starts in buildings with five or more units in January came in at 175,000 (at a seasonally adjusted annual rate)—up 14 percent from the revised rate for December.  About half of January’s increase was due to a 7 percent downward revision to the starts rate for December.              … Read More ›

Multifamily Production Down from Previous Month, but Still Up Year-Over-Year

The Census Bureau’s preliminary estimate for starts in buildings with five or more apartments in December came in at 164,000 units (at a seasonally adjusted annual rate).   Although there is no hard and fast rule, buildings with at least five apartments are generally the universe of interest to businesses that specialize in building, owning, and managing  multifamily housing. At 164,000,… Read More ›

Housing Construction Holds Steady in July

Total housing starts declined 1.5% but the number conceals opposite moves in the single-family and multifamily sectors. Multifamily construction (buildings with two or more units) continued its advance, increasing 7.8% to a seasonally-adjusted annual rate of 170,000. Single-family starts declined 4.9% but from an elevated June figure. July single-family starts were even with the second quarter average and July single-family… Read More ›