Sentences with phrase «multifamily starts plunged»

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.

Not exact matches

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. CensMultifamily 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. Censmultifamily units started plunged by 28 %, according to the latest U.S. Census figures.

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.

Multifamily production plunged 26.1 percent in February to a seasonally adjusted annual rate of 334,000 units, while single - family starts eked out a 2.9 percent gain to 902,000 units.