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Multifamily Housing Starts Rose in March, but Permits Fell
Multifamily starts reached 446,000, while permits fell 23.5% as builders faced weak demand and higher borrowing costs, the report said.
Summary by constructiondive.com
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Eye On Housing
Home Building Shows Signs of Stabilization with Monthly Gain in Starts
Housing production bounced back in March as builders cautiously ramp up production despite ongoing headwinds. Overall housing starts increased 10.8% in March to a seasonally adjusted annual rate of 1.5 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The March reading of 1.5 million starts is the number of housing units builders would begin if development kept this pace fo…
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Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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