Multifamily construction starts declined sharply in the Midwest -LRB--48.5 %) and West -LRB--39.8 %), while they were up by 6.0 % in the South.
Multifamily construction starts of 352,000 units were 2.6 % higher than November, but 21.6 % less than December 2016's annual rate.
Multifamily construction starts of 431,000 units were 19.7 % higher than December, and 3.1 % more than January 2017's annual rate.
The overall volume of
multifamily construction starts was $ 194.7 billion last year, which is 7 % lower year over year.
Multifamily construction starts have dropped in 2017, but that's following a strong year in 2016.
Not exact matches
«The change towards
multifamily could be the initial signs that affordability is
starting to impact the mix of
construction,» noted Tendayi Kapfidze, chief economist at LendingTree.
Overall, U.S. housing
starts dropped for the fourth time in five months, according to Commerce Department data, revealing that
multifamily construction is slowing.
Tuesday's groundbreaking marked the
start of
construction on three
multifamily rental buildings with 138 affordable apartments in the Bronx called The Grand.
For years, developers have been
starting construction on new
multifamily communities; meanwhile, demographers have said reassuring things about the demand for apartments, encouraging developers to
start construction on even more new
multifamily communities.
Construction starts saw a hearty boost this year, fueled by
multifamily, office and lodging sectors.
Tags: apartments,
construction, economics, home building, housing,
multifamily,
multifamily production, permits,
starts
Single - family 55 +
starts will be up 23 % in 2013 to a total of 37,500, while
construction of
multifamily 55 + housing units will increase 20.8 % to a
starts total of about 37,000.
Multifamily housing
starts have almost tripled since the recession and accounted for 33 percent of residential
construction in 2013, up from 20 percent in 2009.
Per
Multifamily Biz, construction starts for seven of the 10 largest US multifamily markets dropped in 2017 when compar
Multifamily Biz,
construction starts for seven of the 10 largest US
multifamily markets dropped in 2017 when compar
multifamily markets dropped in 2017 when compared to 2016.
The seasonally adjusted annual rate for total residential
construction dipped from January's torrid pace as both permits and
starts for
multifamily properties declined from last month.
While total annual total residential
construction starts and building permits both increased in November 2017 compared to last year, according to the latest U.S. Census figures,
multifamily figures were mixed.
Multifamily units authorized for construction jumped by 25.4 % in January from the 12 months ending in December while total multifamily units started shot up by almost 20 %, according to the latest U.S. Cens
Multifamily units authorized for
construction jumped by 25.4 % in January from the 12 months ending in December while total
multifamily units started shot up by almost 20 %, according to the latest U.S. Cens
multifamily units
started shot up by almost 20 %, according to the latest U.S. Census figures.
Multifamily units authorized for construction dropped by 14.8 % in February from the 12 months ending in January while total multifamily units started plunged by 28 %, according to the latest U.S. Cens
Multifamily units authorized for
construction dropped by 14.8 % in February from the 12 months ending in January while total
multifamily units started plunged by 28 %, according to the latest U.S. Cens
multifamily units
started plunged by 28 %, according to the latest U.S. Census figures.
Multifamily units authorized for construction declined moderately in December from the previous 12 months while total multifamily units started fell by more than 21 % from last year, according to the latest U.S. Cens
Multifamily units authorized for
construction declined moderately in December from the previous 12 months while total
multifamily units started fell by more than 21 % from last year, according to the latest U.S. Cens
multifamily units
started fell by more than 21 % from last year, according to the latest U.S. Census figures.
Developers will
start construction on 405,000 units of
multifamily housing in...
Developers
started construction on just 28,000 new for - sale
multifamily units in 2014, according to data from the U.S. Census.
Construction activity is expected to level out over the remainder of 2012, but we anticipate
multifamily starts to remain well above 200,000 through the end of next year.
The list is intended as a
starting point for home buyers to determine whether inquiries, advice or clarification is needed when navigating the purchase of a home in a
multifamily development under
construction.
Unlike the stagnant home
construction in the single - family detached market,
multifamily housing starts have increased considerably in 2017, per data from the National Multifamily Housi
multifamily housing
starts have increased considerably in 2017, per data from the National
Multifamily Housi
Multifamily Housing Council.
Although most of the improvement was due to a 74.5 % increase in
multifamily construction, single - family
starts increased nicely as well (up 10.7 %).
As we had been predicting,
multifamily construction has
started to soften, following an extremely strong multi-year...