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.
Demand for multifamily housing is expected to remain strong in the foreseeable future. But multifamily construction, which has been well above “normal” levels, is likely to slow a bit, which could impact rental rates. At the recent International Home Builders Show in Las Vegas, the National.
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Led by a steep 31.7 percent decline in multifamily production, nationwide housing starts fell 14.4 percent to a seasonally adjusted annual rate of 956,000 units in August.
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CALGARY – Multi-family starts continue to push new home construction to elevated levels in the Calgary region. According to Canada Mortgage and Housing Corp., there were 1,042 multi-family starts.
· Housing starts rose in February largely as a result of increasing multi-family starts in Ontario and the Prairies, according the Canada Mortgage and Housing Corporation. The seasonally adjusted annual rate of housing starts was 181,900 units in.
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.
NAHB: Housing Starts, Housing Forecast – Housing Starts by State and Metro Areas Look ahead with the Home Builders Forecasts by region and type such as: State and Metro Forecasts: Includes starts forecast, Excel tables of total, single-family, and multifamily housing starts by regions, states and the top 100 metropolitan areas.
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Housing Starts Up Sharply, Driven by Multifamily – The gain, the largest since October 2016 was fueled by a surge in multifamily construction. Single-family housing starts in January were up 3.7% to a rate of 877,000. Building permits in January were.
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· Yet, Single-family Home Construction Picks Up Pace According to the U.S. Department of Housing and Urban Development and the Commerce Department, a decline in multifamily starts pushed overall housing production down 7.0 percent in February 2018 to a seasonally adjusted annual rate of 1.24 million units.