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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.
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 housing shortage and affordability issues will remain unless there is a big jump in new construction." Single-family housing starts, which account for the bulk of homebuilding, plunged 6.9% ...
Starts for housing projects with five units or more declined 4.5% to a rate of 317,000 units in September. Overall housing starts slipped 0.5% to a rate of 1.354 million units.
U.S. single-family homebuilding rebounded in September, boosted by demand for new construction amid an acute housing shortage, but the highest mortgage rates in nearly 23 years could slow momentum ...
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 ...
Starts for housing projects with five units or more soared 22.0% to a rate of 360,000 units in June. Overall housing starts advanced 3.0% to a rate of 1.353 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 ...