Housing Affairs Letter

Housing Starts

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Housing Starts Rise Falls Short

Expectations of housing economists for a 950,000-unit pace in housing starts in May fall short but still surge 6.8% to a seasonally adjusted rate of 914,000 units from the revised April estimate of 856,000. The Census Bureau says starts rose 28.6% from a year ago, when the rate was 711,000.

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Apartment Construction Boosts Surge

A continuing upswing of multifamily apartment construction helps push housing starts past the million-unit mark in March for the first time since March 2008, with apartment production increasing 31.1% from February’s revised figures.

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Housing Starts Drop, Permits Soar

Although starts on new homes dropped in January, new permits for construction leaped to a 4 1/2-year high, signaling the housing market will help pump up overall economic growth this year. The Commerce Department says starts dropped 8.5% to an 890,000 annual

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Rental Units Continue To Top Starts

New U.S. home construction fell 3% in November to a seasonally adjusted rate of 861,000 units. The West and Northeast regions accounted for the bulk of the declines, the Commerce Department says. Both regions were lambasted by storms, including the devastation wrought by Hurricane Sandy in the Northeast. At the same time, the

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Housing Starts At Four-Year High

Construction of new houses increases 6.9% in June, marking the highest number of new units since October 2008 and the biggest percentage gain in seven months, the Commerce Department says in its latest housing starts survey. Construction of single-family homes rises to

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(HOUSING STARTS) Housing Starts Surge in January

Housing starts surged in January to their highest rate in four months, an increase that was far above expectations ...

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(HOUSING STARTS) Housing Starts Down, Permits Up In December

While housing starts dropped in December, building permits jumped, illustrating the continued volatility of the housing market ...

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(HOUSING STARTS) Housing Starts Rise in December

Housing starts rose in November according to recent data from the U.S. Commerce Department. ...

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(HOUSING STARTS) Housing Starts Fall in October

Housing starts dropped to unexpected lows in October, driven by a weakness in the multifamily sector ...

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(HOUSING STARTS) Housing Starts Rise to Highest Level in Five Months

Housing starts rose again in September, to their highest level in five months ...

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