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 Housing Council.
Meanwhile,
multifamily housing starts, which tend to display significant month - to - month volatility, declined 24.1 percent to 277,000 units.
«
Multifamily housing starts overall are back to normal,» says NAHS's Denk.
Multifamily housing starts are expected to rise 26 percent this year to 224,000 units and 6 percent in 2013 to 238,000 units.
Multifamily housing starts typically experience month - to - month volatility.
Multifamily housing starts have been generally declining since March, with the three - month moving average having fallen by 15.0 % over the period.
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.
Since the housing crisis in 2008, new
multifamily housing starts have reached and exceeded pre-crisis levels.
Multifamily housing starts are likely to exhibit continued volatility as it finds its sustainable level of production between 350 thousand and 400 thousand units annually.
On a 3 - month moving average basis, which smoothes the volatility,
multifamily housing starts have been generally declining since March, with the three month moving average having fallen by 15.0 % over the period.
Not exact matches
Overall, U.S.
housing starts dropped for the fourth time in five months, according to Commerce Department data, revealing that
multifamily construction is slowing.
Multifamily building leads US
housing starts higher in January A 19.7 percent increase in residential rental and condominium
starts lead to a 9.7 percent...
More than 1,000
housing units were
started last month in Calgary, including a large jump in
multifamily units, as the economy
starts to pick up.
July
housing starts moved sideways, but the split between single - family and
multifamily showed much greater change.
Tags: economics, home building,
housing,
multifamily, single - family, single - family
housing,
starts
Tags: apartments, construction, economics, home building,
housing,
multifamily,
multifamily production, permits,
starts
Multifamily starts tend to be more volatile but have trended upward since hitting bottom in late 2009 and have outpaced single family production in the
housing market recovery.
A decline in
multifamily starts pushed overall
housing production down 7 % in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from HUD and the Commerce Department.
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.
Housing starts for February came in at a healthy pace for both single and
multifamily units.
Single family
housing starts in February ran at a 618 thousand annual pace (SAAR) while
multifamily starts came in at 299 thousand.
Housing starts for February came in at a healthy pace for both single - and
multifamily units according to Census data.
Single - family
housing starts in February ran at a 618,000 annual pace while
multifamily starts came in at 299,000.
The month - over-month decline in
housing starts largely reflected a 26.2 % decrease in
multifamily starts, which came in at a seasonally adjusted annual rate of 245,000 in June.
Per Census data, solid gains in both single - family and
multifamily production resulted in nationwide
housing starts rising 12.1 % to a seasonally adjusted annual rate of 954,000 units: the highest level of new home production since June 2008.
Developers will
start construction on 405,000 units of
multifamily housing in...
Per Census data, solid gains in both single - family and
multifamily production resulted in nationwide
housing starts rising 12.1 percent to a seasonally adjusted annual rate of 954,000 units: the highest level of new home production since June 2008.
Due to a double - digit dip on the typically volatile
multifamily side, nationwide
housing starts declined 8.5 percent to a seasonally adjusted annual rate of 890,000 units in January, according to newly released data from HUD and the U.S. Census Bureau.
Regionally, dips on the
multifamily side drove down combined
housing starts in all but the West, which registered a 14.4 percent gain.
While combined U.S.
housing starts lost some ground in March, this was almost entirely due to typical month - to - month volatility on the
multifamily side.
Fewer new homes were in the pipeline in February, as
housing starts for combined
multifamily and single - family homes plunged 7 percent month over month, the U.S. Commerce Department reports.
While overall
housing starts posted a 4.8 percent decline to a seasonally adjusted annual rate of 708,000 units in May, all of the decrease was on the more volatile
multifamily side.
A surge in
multifamily production pushed overall
housing starts up 9.7 % in January to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December reading, according to newly released data from HUD and the Commerce Department.
Multifamily housing (helped both from delays in homebuying brought on by the downturn and from the Echo Boomers
starting to move into the rental market
Led by a solid increase in both single - family and
multifamily starts, nationwide
housing production rose 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the U.S. Department of Housing and Urban Development and the U.S. Census
housing production rose 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the U.S. Department of
Housing and Urban Development and the U.S. Census
Housing and Urban Development and the U.S. Census Bureau.
The
multifamily rental market has led the rest of the
housing sector into recovery, and about one - third of
housing starts in the first quarter were for
multifamily rental apartments.