Multifamily construction pushes housing starts

Apartment Complex Construction Time Lapse [UNEDITED] Single-family housing. below 70 percent, as multi-family starts surged 38 percent, the biggest year over year jump in more than three years. Although the jump in starts is good news for the overall.

 · CNBC studied the net changes by industry for June jobs based on data from the Labor Department.. Starts for the volatile multifamily housing segment rose 1.4 percent to a.

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U.S. housing starts data can be volatile and subject to large revisions. Much of August’s gain was in the particularly volatile multi-family component, with starts on buildings with two or more units.

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Multifamily decline pushes housing starts down Wednesday, October 17, 2018 [Washington] Led by a drop in multifamily production, total housing starts fell 5.3 percent in Sept. to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce.

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U.S. housing starts jump 9.7% in January and building permits reach a. Construction returning to levels last seen before 'Great Recession'. of properties available for sale, pushing prices higher and frustrating many would-be buyers.. noted that most of the starts gain came from multi-family buildings.

 · Soaring production of multifamily apartments pushed nationwide housing starts above the million-unit mark in April, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production rose 13.2% for the month to a seasonally adjusted annual rate of 1.07 million units, due entirely to a 39.6% increase on.

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If there’s a lot of multi-family construction happening, then housing starts can become elevated, and investors must take care not to read too much into the builders of single-family homes.

The 44% increase registered by the New York NY metropolitan area during the first half of 2018 was the result of an 83% hike for commercial building combined with 22% improvement for multifamily.

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Multifamily Drop Pushes Total Housing Starts Down as Single-Family Makes Gains. DATE: 03/16/2018 SOURCE: BuildingOnline’s eUpdate Newsfeed A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of Housing and Urban.