Construction starts rise in Feb, but home builder confidence sags

The number of new housing starts increased last month thanks to growth in the multifamily sector. However, builder confidence continued to decline due to the rising costs of building materials, it was revealed last week. The Department of Housing and Urban Development and the Census Bureau said last week that February housing starts, including both

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Higher housing density makes homes more affordable, survey shows

More than three quarters of homeowners across 20 large metro areas agree local governments should do more to keep housing affordable, and most agree that allowing more building would help, according to a new Zillow survey. But while there is meager support for new large multifamily buildings, more than half of homeowners say they and

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New home construction is up, but economists say it’s not enough

There was a slight uptick in new home starts last month, but experts say the increase is still not nearly close enough to keep up with demand or help to keep a lid on growing house prices. According to the Commerce Department’s latest report out last week, total housing starts for single-family and multifamily homes

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New home starts falter, highlighting inventory shortages again

Housing starts nationwide were more or less flat in the last month, at a seasonally adjusted rate of 1.16 million for the month

Multifamily construction boom set to last until 2016

Strong demand in the multifamily sector is evident as new construction projects try to keep pace with a growing number of renters.

Freddie Mac Predicts Multifamily Home Shortage by 2023

By 2023, there could be up to 4.7 million more renter households due to demographic forces, according to Harvard University’s report, The State of the Nation’s Housing 2014. But the supply of multifamily rental housing will likely be far less than demand.

Last Month Saw Housing Starts Rise by 5.9%

Figures from the US Census Bureau and the HUD show that the seasonally adjusted annual rate of nationwide housing starts rose to 896,000 units in July. Multifamily construction increased compared to the previous month, while single-family construction declined slightly compared to June.

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