Total housing starts rose 12.3% in August primarily due to a surge in multifamily production, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest level since May 2007. “This solid report is in line with our latest survey on builder sentiment,” said Greg Ugalde, chairman of […]

Total housing starts fell 4% in July from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development (HUD) and Commerce Department. Due to a decline in multifamily production, the seasonally adjusted annual rate of 1.19 million units is the number of housing units builders would begin if […]

The U.S. Housing and Urban Development and Commerce Department reports housing starts declined 0.9 percent in May to a seasonally adjusted annual rate of 1.27 million units from an upwardly revised reading in April. The May reading reflects the number of housing units builders would begin if they kept this pace for the next 12 […]

A sharp decline in multifamily production brought overall nationwide housing starts down 9 percent in September, according to newly released data from the U.S. Housing and Urban Development and the Commerce Department. However, both single-family production and overall permit issuance posted solid gains, according to the report. “Single-family starts posted their highest level since February […]