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

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Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving U.S. housing starts to a faster. Single-family starts jumped 5.3% to 930,000, highest since.

U.S. new-home construction rose more than projected in May to the fastest pace in more than a decade while permits cooled for a second month, indicating mixed progress in the supply-constrained.

 · This week’s census data on new residential construction didn’t improve the outlook, as single-family housing starts in May fell 6.4%. Building permits were up in May, but only by 0.3%.

OTTAWA, April 10 (Reuters) – Canadian housing starts jumped in March to their highest level in nearly a decade on a sharp rise for multifamily buildings, defying expectations of a slowdown, data.

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.

Single family starts were estimated at an annual pace of 872,000, up 3 percent compared Single-family starts rise to decade-high level – Scotsman Guide Home building jumped up to the highest pace in a decade after a surge of building in the West region.

 · Housing starts grew almost 6% in July, driven by an increase in apartment construction that offset a decline in new single-family home building.

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Single-family home rents are barely budging after years of steep increases, and those declining returns could persuade some landlords to sell their houses, adding much-needed inventory to the home.

Residential housing starts rose 5 percent month-over-month in May, the highest. normal’ level of single-family starts would be about 1.2 million.” Inventory has been one of the biggest challenges.

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 Tuesday. Residential starts rose 3.3% to 1.3m annualized rate (est. 1.25m) after 1.26m pace in prior month (revised from 1.29m).

Single-family housing starts posted a 1.7% gain to a seasonally adjusted annual rate of 490,000 units in July, while single-family permits registered a 5.8% gain to 458,000 units.