Single-family housing starts rise to highest level in a decade

U.S. housing starts reach highest level in over a decade.. A ‘normal’ level of single-family starts would be about 1.2 million." Inventory has been one of the biggest challenges in the housing market and the rise of new construction should provide some relief.

Single-family production increased 6.5 percent to 872,000 units — its highest reading in nearly a decade — while multifamily starts fell 3.7 percent to 416,000 units. "This month’s gain in single-family starts is consistent with rising builder confidence in the housing market," said Granger MacDonald, chairman of the National Association of.

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Single-family production rose 5.3 percent in November to a seasonally adjusted annual rate of 930,000, which also is the highest post-recession report. Year-to-date, single-family starts are 8.7 percent above their level over the same period last year. Meanwhile, multifamily starts fell 1.6 percent to 367,000 units after a strong October reading.

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United States Housing Starts | 2019 | Data | Chart | Calendar | Forecast – Construction of both single- and multi-family housing units. This page provides the latest reported value for – United States Housing Starts – plus previous releases, historical high and. US Housing Starts Rise Above Forecast.. US Manufacturing Growth Slows to Decade Low.. Competitiveness Rank

Single-family housing starts hit highest level in 10 years by DeVore Design , March 20, 2017 Nationwide housing starts rose 3 percent in February from an upwardly revised January reading, according to new data from the U.S. Department of Housing and Urban Development (HUD) and the Commerce Department.

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the highest level in six months. Single-family homes are by far the largest segment of the market. Groundbreaking for the volatile apartments and condominiums segment, however, tumbled 11.1 percent..

Housing. levels notched even before the housing bubble began to swell. Trulia Chief Economist Ralph McLaughlin wrote in a research note Tuesday that the 12-month rolling average for starts was 80%.

Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving housing starts to a faster-than-estimated rate, government figures showed Tuesday.

Introduction from FMI CEO Chris Daum fmi managing director jay bowman Discusses the construction forecast download print Version Download Construction Put in Place Tables View Canadian Forecast Executive Overview Keep Calm, Stay Focused and Get Ahead of the Next Downturn 2018 marked another strong and dynamic year for the North American built environment, [.]