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Tag: apartments
Business
Rising materials costs, labor shortage, financing woes preventing apartment builders from meeting demand
As we reported last Friday, construction on new homes was up 6 percent in July largely thanks to a 26-percent jump in apartment construction. And that’s been the case for just about the entire year. Any time there’s a gain in overall home starts, apartments are the main contributor. And as we told you back […]
August 19, 2013
Business
Housing starts tumble 16.5% in April, but surge in permits suggests continued recovery
The start of construction on homes fell drastically in April, one month after reaching a level of home starts the country had not seen since before the recession. However, a surge in building permits hints that the damage might not be too bad. Construction began on homes at a seasonally adjusted annual rate of 853,000, […]
May 16, 2013
Business
Housing starts jump 7% in March to highest level since before recession
The housing recovery boom marches on. Following a month of stagnation in February, housing starts jumped 7 percent in March to their highest levels since June 2008, according to preliminary data from the U.S. Commerce Department. The big month pushed construction on houses and apartments over the seven figure threshold to a seasonally adjusted rate […]
April 16, 2013
Business
Following four-year high, U.S. housing starts drop 8.5% in January
After surging to a four-year high in December, much of the momentum in housing starts was lost in January though things remain markedly better than they were at the same point in 2012, according to numbers from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a seasonally adjusted rate of 890,000 […]
February 20, 2013
Business
NAHB: Multifamily housing will remain strong in 2013
During a panel at the International Builders’ Show in Las Vegas, experts from the National Association of Home Builders said multifamily housing will continue to lead the housing market’s recovery in 2013. The NAHB cites the multifamily market’s recovery, noting that it is at about 70 percent of the way back to a sustainable level. […]
January 23, 2013
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