Eye On Housing
Housing markets in the Midwest have experienced weakness in recent quarters. For example, single-family permits posted a 3.6% decline in year-to-date data when comparing December 2018 level with December 2017 in the Midwest. Single-family permitting for the first four months of 2019 are down 11.3% in the Midwest when compared to the opening months of 2018. As of April, new… Read More ›
The pace of housing construction weakened at the start of 2016, as total housing starts fell 3.8% in January, according to estimates from the Census Bureau and the U.S. Department of Housing and Urban Development. The rate of single-family construction declined 3.9% from December to a seasonally adjusted annual rate of 731,000 units. The decline was consistent with the drop in… Read More ›
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 ›
For February of 2013, the Census Bureau’s preliminary estimate for starts in buildings with five or more apartments came in at 285,000 (at a seasonally adjusted annual rate). In the Census construction report, this shows up as less than a 1 percent increase from January, but the January number itself was revised upward by nearly 9 percent—so 285,000 is actually… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›