Multifamily Starts Plummeted Nearly 16% in August

Multifamily starts plummeted nearly 16% in August

The number of new apartments coming online also fell dramatically from the same period last year, per HUD and the U.S. Census Bureau.

US Housing Starts Unexpectedly Decline on Multifamily Projects

New US residential construction declined unexpectedly in August to one of the weakest paces since the pandemic, reflecting a plunge in starts of multifamily projects.

Multifamily starts and completions both fall again in August

The Census Bureau’s report on new residential construction stated that multifamily permits, starts and completions were all lower in August. Single family permits and completions were also down for the month but starts rose. Multifamily permits down slightly The number of permits issued for buildings with 5 or more units in August was reported to […]

US residential construction declines unexpectedly in August, hitting lowest pace since pandemic

The decline in US residential construction could exacerbate housing shortages, impacting affordability and economic stability in the long term.

US housing starts fall as multifamily construction drops 22%

The decline in US residential construction could exacerbate housing shortages, impacting affordability and economic stability in the long term. The post US housing starts fall as multifamily construction drops 22% appeared first on Crypto Briefing .

August U.S. Housing Starts Dip as Single-Family Rebounds

U.S. housing starts edged lower in August as a sharp decline in multifamily construction offset a rebound in single-family activity. Building permits and completions also declined from July, while permits remained above year ago levels. Get the key figures here.