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

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Census Bureau, Housing Starts, Purchasing Power Realty Executives According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years.

Housing starts rise to decade high while permits decline. Residential starts rose 5% to a 1.35 million annualized rate (the estimate was 1.31 million), the highest since July 2007. Single-family starts advanced 3.9%, while multifamily was up 7.5%.

Single-family permit levels were at their highest level since May, 2008, with all regions up. They rose to an annual rate of 627,000 and were 3% above July levels. Higher interest rates had little.

Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving U.S. housing starts to a faster-than-estimated rate, government figures showed Dec. 19.

Housing starts jumped last month to their highest level since 2008 but construction of single-family homes took a dip. Capital Economics economist. Still, the big rise in overall housing starts in.

 · The surprising decrease in rates help to spur housing activity to the highest levels we have seen in a decade. Existing home sales through October are the highest level of any year since 2006. Yet despite low mortgage rates and strong demand, new home construction did not pick up as fast as we had forecasted last year.

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In February 2016 single-family housing starts were at a seasonally-adjusted annual rate of 822,000 (Exhibit 2), a substantial year-over-over percent increase, but still well below what we’ll need to meet long-run housing demand.

 · Single-family production also hit its highest reading in almost a decade with an increase of 6.5% to 872,000 units, but multifamily starts declined by 3.7% to 416,000 units.

“Terrific news on housing starts in January with a solid 10 percent gain,” he said. “This rise in single-family housing construction will. noted that housing starts were at their highest level.

Single-family production increased 6.5 percent to 872,000 units – its highest reading in nearly a decade. Meanwhile, the multifamily component fell 3.7 percent to 416,000 units.

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PHOENIX HOUSING 4Q18: With Starts and Closings at Decade High Levels, Relative Affordability Continues to Drive a "Shockingly Strong" Market Metrostudy News February 7, 2019 Quarterly new home starts are at their highest level since 3Q07 and are up 14% over 4Q17.

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 · For non-rental housing (mostly single family homes, but also some condos), average vacancy is 1.4 percent. In the recession, vacancy hit 2.9 percent, but.