Friday, April 16, 2010

Housing Starts Up 1.6%, Single Family Starts Down 0.9%

In March, housing starts rose 1.6% to an annualized pace of 626,000 units. The increase, however, was entirely due to a large rise in the volatile multi-family unit component, which rose 18.8%. Single family starts, which are far less volatile month-to-month, fell 0.9%. This decline, however, comes after two months of large increases of 5.3 and 5.4%. After hovering around a rate just shy of 500,000 starts per month for about half a year, single family starts have started to trend upward since December. From a year prior, single family starts were up 47.1%. Total starts were up 20.2%.

10.04.16 (Source: Census Bureau)

No comments:

Post a Comment

Please read our comment policy before making a comment.