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Multifamily construction pushes housing starts

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2019: NEW RESIDENTIAL CONSTRUCTION APRIL 2019 Building Permits: 1,296,000 Housing Starts: 1,235,000

February was not a great month for housing starts in the U.S. They fell 7 percent compared to January thanks to weaknesses in multifamily construction, hitting an annual rate of about 1.2 million,

South Florida construction starts topped .7 billion in 2018. Residential includes single-family and multifamily housing. Despite the slowdown in new condo construction, residential construction.

driven by an outsize leap in apartment building that masked weakening across single- and multifamily construction. Single-family housing starts in August rose 1.9% to a seasonally adjusted annual rate.

 · Soaring production of multifamily apartments pushed nationwide housing starts above the million-unit mark in April, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production rose 13.2% for the month to a seasonally adjusted annual rate of 1.07 million units, due entirely to a 39.6% increase on.

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Multifamily Drop Pushes Total Housing Starts Down as Single-Family Makes Gains; 03/16/2018: A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.

 · Contractors build wood framing for a house under construction in Louisville, Kentucky, in May. (Luke Sharrett / bloomberg) housing starts unexpectedly drop on multifamily.

Multifamily Development, Operations & Financing The State of the Nation's Housing 2018 – Joint Center for Housing. – high-as did rents despite a boom in multifamily construction. Rapid losses of. productivity improvements in the residential construction sector; escalating. All of these impediments push up the costs of residential construc- tion. Setting.

As multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. According to fourth quarter 2018 data, the average per unit square footage of multifamily housing construction starts was 1,136, off from the. Read More

Commercial and multifamily construction starts for the Miami FL metropolitan area moved in opposite directions during 2017, producing a 20% decline for the commercial and multifamily total after the 25% gain that was reported for 2016. Multifamily housing plunged 50% in 2017, compared to the robust volume in 2016 that included 12 projects.

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