Housing starts in the U.S. slipped 4.8 percent from April to May, once again driven by a slowdown in the multi-family housing sector as starts for structures with five (5) or more units fell 24.2 percent from April, but total starts remain up 28.5 percent year-over-year.
On a year-over-year basis, permit activity to start construction was up 25.0 percent in May with applications for multi-family housing up 39.3 percent, up 19.9 percent for single-family homes.
In the west, starts were up 27.5 percent year-over-year, up 37.0 percent for single-family homes while permit activity was up 30.7 percent, up 32.5 percent for single-family homes.
∙ New Residential Construction: May 2012 [doc.gov]
Does anyone know if SFH housing starts are up or down as against the boom years? Up YoY is great, but the real Q is whether we are going back to the good times of 2006-08
@anon:
http://www.calculatedriskblog.com/2012/06/housing-starts-at-708-thousand-in-may.html
Thanks, BernalDweller. Looks like we still have a long way to go to get back to the normal SFH housing starts rate, much less the rates during the heyday. At least the delta is positive
Thank you very much for publishing this kind of article. I like your article very much. I want share my website details to you please give me some information to increase performance like as your website.
Website: http://www.dnaindia.com/entertainment