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Starts for multi-family housing plunged 24.1% to a pace of 264,000 units, the lowest level since March. Overall housing starts dropped 1.8% to a rate of 1.289 million units.
On the single-family side, starts in October increased 0.2% to 970,000 from September’s revised figure of 968,000. Authorizations to start new single-family development were up 0.5% above ...
Starts for housing projects with five units or more dropped 6.7% to a rate of 333,000 units in August. Overall housing starts jumped 9.6% to a rate of 1.356 million units.
The decline in housing starts reported by the Commerce Department on Wednesday partially retraced an abnormally large 18.7% surge in May, which had pushed groundbreaking on single-family housing ...
Overall housing starts dropped 3.1% to a rate of 1.311 million units. Economists polled by Reuters had forecast housing starts would drop to a rate of 1.330 million units. Starts fell 4.0% from a ...
Housing starts is an economic indicator that reflects the number of privately owned new houses (technically housing units) on which construction has been started in a given period. These data are divided into three types: single-family houses , townhouses or small condos , and apartment buildings with five or more units.
New home starts jumped 14.8% last month from October’s revised estimate, and single-family housing starts increased 18% during the same period, the U.S. Census Bureau and the U.S. Department of ...
U.S. single-family homebuilding increased solidly in December, but further gains were seen limited by rising mortgage rates and a glut of new homes on the market. Single-family housing starts ...