Eye On Housing
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 ›
Tag Archive for ‘starts’
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 ›