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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.
Single-family homebuilding slipped 0.5% from a year ago. Starts for multi-family housing jumped 9.8% to a pace of 326,000 units. Overall housing starts dropped 3.1% to a rate of 1.311 million units.
The inventory of single-family housing under construction declined 0.7% to a rate of 674,000 units, the lowest level since May 2021. The stock of multi-family housing under construction slipped 0. ...
Single-family housing starts increased 5.4% on a year-on-year basis in June. Homebuilding was strong for much of last year and through the first quarter of 2024 amid a dearth of previously owned ...
Properties that were repossessed in the first half of 2015 was 37 percent above the number of repossessions in the first half of 2006 (before the housing bubble burst). [113] Year-end: A total of 1,083,572 properties received foreclosure notices in 2015, a 3 percent decrease over 2014, and the lowest in 9 years. 0.82 percent of all households ...
Single-family starts increased 5.2% from a year ago. Multi-family building permits rose 8.4% to a rate of 451,000 units. Building permits as a whole advanced 4.9% to a rate of 1.475 million units.
Since 2005, the year-over-year median sale prices (inflation-adjusted) of single family homes in Massachusetts fell over 10% in 2006. [citation needed] Economist David Lereah formerly of the National Association of Realtors (NAR) said in August 2006 that "he expects home prices to come down 5% nationally, more in some markets, less in others."
The government report also showed the construction pace of single-family housing rose 3.4% to an annualized 935,000 rate, marking the first increase in six months. Permits for single-family homes ...