Tag: multi-family home construction

Business

Home starts jump 9.8% as apartment construction reaches 28-year high

Thanks to a surge in new apartments, May’s decrease in home construction starts was followed up by a sizable increase in June. Construction on new homes jumped 9.8 percent in June to a rate of 1.174 million, according to preliminary data from the Commerce Department. The rate represents a 26.6-percent increase over June 2014 and the […]

July 17, 2015

Business

Home starts fall 1.6% in November as builder confidence slips

The rate of construction on new single family homes fell in November and with it went the rate of all U.S. home starts for the month. Construction on single- and multi-family homes fell 1.6 percent in November to a seasonally adjusted annual rate of 1.028 million, according to preliminary data from the Commerce Department. The latest report […]

December 16, 2014

Business

Home starts fall 9.3% to 9-month low in June, but builder confidence is on the rise

After gains in Spring jumpstarted what many hoped would be a high-activity construction season following a harsh winter, construction on new homes in the U.S. was down for the second consecutive month in June. Home starts fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000—the lowest pace in nine months. The Commerce […]

July 17, 2014

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Home starts jump 13.2% in April as apartment construction soars

The construction of new homes in the U.S. jumped 13.2 percent during April due to warmer temperatures and a huge rise in apartment construction. Builders started new homes at a seasonally adjusted annual rate of 1.072 million, up from March’s revised rate of 947,000. March’s figure was revised upward from the original estimate of 946,000. […]

May 16, 2014