What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
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
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
- The 4 Projects In The Works Near DC's Starburst Intersection
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