Housing starts up 6.3% but gains all concentrated in multifamily

Single-family housing starts edged up to a seasonally adjusted annual rate of 778,000 in June, according to the new residential construction report released by the Department of Commerce Tuesday morning. This reading marks a 4.4% increase month-over-month and a 13.4% gain year-over-year and serves as a strong signal of progress as the Spring sales season.

Housing starts climbed to annual rate of 1.02 million in September, an increase of 6.3% compared to the 957,000 pace that was forecast in August, according to figures released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.. Most of that growth, however, came in the form of multifamily housing.

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Housing Starts fell in August to a seasonally adjusted annual rate of 571,000 from 601,000, and the July numbers were revised lower. Housing Starts fell in August to a seasonally adjusted annual rate.

Gains in multifamily production pushed overall housing starts up 1.9 percent in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.

Housing Starts Top One-Million Pace for Third Time in 2014 Total housing starts rose 6.3% in September on the strength of a 16.7% jump in multifamily production; single-family starts rose just 1.1.

Multifamily housing, in particular, last month rebounded 13%, after declining 20% the month before. At least partly responsible for the gains are six multifamily projects, each valued at $100 million or more, that broke ground in May, compared with four such projects in April.

Housing Starts Climb 6.3% in September Luke Sharrett/Bloomberg News New home construction rose in September after slumping a month earlier, indicating halting progress in the U.S. residential real.

The Housing. up with rental demand. Construction starts for multifamily buildings have moved from a low of 109,000 units in 2009 to 300,000 in 2013, 13 percent fewer than at the 2005 peak and 90.

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Total existing-home sales for 2015 finished at 5.26 million, a 6.3% increase and the highest figure since. down from last year’s 3.6% growth. Multifamily housing starts are expected to reach.

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Housing starts up 6.3% but gains all concentrated in multifamily Housing starts fall in November led by single-family decline Trey Garrison was a Senior Financial Reporter for HousingWire.com.