Single-Family Housing Starts Reach 28-Month High
On Wednesday, the Commerce Department reported that housing starts last month jumped 29 percent over August 2011 to an annual rate of 750,000 units. (Housing starts represent the number of housing units that began construction in a given month.) Starts for single-family homes reached their highest point since April 2010. While positive, the overall number of starts fell slightly below what analysts were predicting (765,000).
When housing starts have jumped in past months, the increase has been attributed to the multi-family sector. This morning’s data reveals a bit of a change: multi-family starts actually fell 2.8 percent between July and August while single-family starts rose 5.5 percent month-over-month.
The full report from the Commerce Department is available here.
This article originally published at https://dc.urbanturf.com/articles/blog/housing_starts_up_reach_28-month_high/6046.
Most Popular... This Week • Last 30 Days • Ever
When Dan and Tanya Snyder couldn't sell their 30,000 square foot home , the former ow... read »
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
For years, UrbanTurf has reported on the hefty profits that DC-area home sellers have... read »
As plans for a street reconfiguration at the intersection of New York and Florida Ave... read »
- Dan Snyder Gave His Potomac Home Away, And Now It's Coming Back On The Market
- How Does Cash-Out Refinancing Work?
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
- As Profits Rise, Capital Gains Tax Hits More DC Home Sellers
- The 1,700 Units In Various Stages Around Dave Thomas Circle
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro