Sentences with phrase «multifamily starts»

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.

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 housing starts in February ran at a 618,000 annual pace while multifamily starts came in at 299,000.

The average pace of multifamily starts right now is based on an average which began with a leap of 97 thousand in December and then fell 79 thousand in January.

After 56 % growth off market lows in 2010, multifamily starts totaled 244,500 in 2012, a growth rate of 37 %.

While multifamily starts rose 8.5 percent to a seasonally adjusted annual rate of 191,000 units for the month, permits edged up 0.4 percent to 231,000 units.

Approvals for single - family starts were down 0.6 percent, to 872,000 permits, while approvals for multifamily starts came in at 385,000.

Annual multifamily starts exceeded 400,000 units for the first time since January 2017.

Multifamily starts moved in the opposite direction because of a unusually high level in June but also continued on an upward trend when comparing a moving - average that now tops over a 400,000 annualized rate.

«Condos made up 30 per cent of new multifamily starts in 2004, which is a record - high percentage,» says Gary Benson, president of Garrison Partners, a Chicago - based firm that specializes in condo conversions.

Multifamily starts made a larger gain of 57 percent compared to single - family starts, which increased 35 percent.

The number of single - family and multifamily starts per 1,000 households last month was about 36 % below the 50 - year average, according to Ralph McLaughlin, chief economist at Trulia.

Single family starts dipped to an annual pace of 610 thousand in April from 623 thousand in March, but multifamily starts plunged from a pace of 398 thousand in March to 243 thousand in April.

Multifamily starts traditionally are more volatile than single family and the swings in the last several months are a perfect example.

We expect multifamily starts to continue to increase but at a slower pace than the 200 + percent growth rate in the fourth quarter as starts move steadily toward the annual pace of 350 thousand that we consider sustainable.

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.

After a likely modest retrenchment in the first quarter of 2013, the baseline forecast calls for consistent gains in multifamily starts through the end of 2014.

Multifamily starts bounced around in 2013 in a monthly seesaw effect typical of the more volatile series.

In 2012, multifamily starts jumped 37.7 percent in 2012 to 245,300 units.

Housing starts are also increasing, driven mostly by multifamily starts.

«Meanwhile, the decline in multifamily starts reflects an adjustment from an unsustainably large gain in December, and is consistent with the up - and - down swings that are often associated with that sector.»

Combined single - family and multifamily starts activity was up across all regions in December.

However, when excluding multifamily starts, single - family production rose in three out of the four regions in May — the Northeast, South, and West.

The average pace of multifamily starts has been 321 thousand since December, but that average is based on the pace of starts jumping up 97 thousand units in December from November's pace before falling back 79 thousand units in January.

Historically, the MPI and MVI have performed well as leading indicators of U.S. Census figures for multifamily starts and vacancy rates, providing information on likely movement in the Census figures one to three quarters in advance.

While this might represent a lull, spending should continue to expand over the near term as multifamily starts have exceeded 200,000 units in 8 of the last 9 months and permits for 5 + units surged to a four - year high in September.

Annual multifamily starts have averaged 354,000 for the past 12 months.

However, the month - over-month decline reflected a 26.2 % decrease in multifamily starts.

U.S. new - home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first - quarter economic growth, government figures showed Tuesday.

«We can expect further gains in single - family production throughout the year, while multifamily starts should level off.»

«Multifamily starts should continue to level off throughout the year.

Multifamily starts (five units or more) came in at 317,000.

Multifamily starts are usually more volatile, and this is reflected in several swings throughout the last few months.

Multifamily starts should continue to level off throughout the year,» said NAHB Chief Economist Robert Dietz.

For 2013, we forecast a multifamily starts total of 299,000, a 22 % increase over the prior year.

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.

The Northeast region saw a 41.6 % increase in multifamily starts.

Meanwhile, some markets are experiencing substantial increases in multifamily starts.

The fact is that single - family and multifamily starts and permits were all stronger in the first quarter of 2012 than they were in the fourth quarter of 2011, indicating that the market continues to slowly strengthen, albeit in fits and starts.

Single - family and multifamily starts rose the most in the West last month, up 14.4 percent month - over-month.

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 Bureau.

Multifamily starts, which Crowe says are now at a normal level of production, are projected to increase 15 percent in 2014 to 356,000 units and hold steady next year.

«Single - family and multifamily starts are at five - year highs, providing additional evidence that the recovery is here to stay,» said NAHB Chief Economist David Crowe.