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Tag Archives: Housing Starts

Residential Construction Spending Ticks Up in March

The Census Bureau released Wednesday a report showing a decline in construction spending throughout March. According to Census data, construction spending in March was at a seasonally adjusted annual rate of $856.7 billion, a 1.7 percent drop from February's revised estimate of $871.8 billion. While total spending fell, spending for housing construction inched up. According to the report, residential construction spending was at annual rate of $301.6 billion.

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Will Setbacks Derail the Homebuilding Recovery?

Despite some obstacles in the homebuilding recovery and three consecutive monthly declines in the National Association of Home Builder's homebuilder confidence index, Capital Economics remains largely optimistic about the homebuilding rebound. The analytics firm is sticking with its previous prediction that housing starts will reach about 1 million this year and 1.3 million next year as rising home prices help to mitigate increases in construction costs.

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Survey Shows Improvements in Multifamily Market Conditions

Apartment markets improved in April in all categories, according to the National Multi Housing Council's (NMHC) April Quarterly Survey of Apartment Market Conditions. All four of the survey's indexes--Market Tightness, Sales Volume, Equity Financing, and Debt Financing--came in above 50, which marks the point between improving and deteriorating conditions. April's gains reverse findings made in January, when Market Tightness and Sales Volume dropped below 50 for the first time since 2010.

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Multifamily Building Leads Housing Starts in March

Housing starts jumped 7.0 percent in March to a seasonally adjusted annual rate of 1,036,000, the Census Bureau and HUD reported jointly Tuesday. Multifamily starts (which increased 31.1 percent) accounted for all of March's gains, while single-family starts actually declined 4.8 percent. While the trajectory for both starts and permits shows a clear increasing pattern as the recovery marches on, residential construction activity remains far below pre-recession levels.

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