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Posts Tagged ‘family construction’

Multifamily Starts Still Strong

April 16th, 2013 Comments off

MHProNews has learned from the National Association of Home Builders (NAHB) figures released by HUD and the Census Bureau indicate total housing starts—single-family and multifamily– rose by seven percent in March, propelled by a 31.1 percent increase in new multifamily construction. As we have reported several times earlier, the rental market is currently very strong and growing. Meanwhile, single-family construction fell 4.8 percent from the previous month, and permit issuance dropped 3.9 percent. NAHB Chief Economist David Crowe, calling it a mixed bag because of the opposite directions of the two markets, says, “The three-month moving average for single-family starts remained unchanged at 628,000 units in March – which is right on pace with NAHB’s forecast for a 25 percent gain in new-home production in 2013.” Regionally, the Midwest, South and the West all gained in single and multifamily housing starts, while the Northeast region fell. Conversely, the Northeast posted a gain in issuance activity, while the other three regions experienced a decline.

(Photo credit: bloombergbusinessweek)

As Construction Increases, Software will Streamline Building

September 10th, 2012 Comments off

DallasNews tells MHProNews with 29 new multi-family projects beginning and 27 new staff members at Dallas City Hall in the building services department, which is funded solely by permitting and building fees, construction is steadily returning. The high end of single-family construction is improving, as is private sector commercial construction. The number of permits for multi-family projects that were under 50 in 2009 have spiked to over 600 this year alone, increasing in total value from around $50 million three years ago to over $400 million in 2012. Additionally, inspectors will soon have IPads so they can file reports from the field and tell contractors on the spot if they have passed or failed. Interactive computers will allow building inspection staff to alter drawings with contractors, architects, and engineers on site instead of gathering around paper drawings.

(Photo credit: Tim Boyle/BloombergBusinessWeek)

Housing Starts Edge Up in April

May 16th, 2012 Comments off

The National Association of Home Builders (NAHB) says U.S. Census figures and HUD statistics report April registered a 2.3 percent gain in housing starts, marking a 717,000 seasonally-adjusted annual rate (SAAR). Single-family home construction was up 2.3 percent while multi-family gained 3.2 percentage. MHProNews.com has learned from various sources while sales of single-family homes have flip-flopped, the demand for rentals has risen, resulting in increased multi-family construction and a rise in rental costs. Regionally, the Midwest gained 6.7 percent, and the South was up 11.6 percent. The Northeast fell 20.7 percent, and the West declined 8.1 percent. While noting ongoing tight credit, NAHB Chief Economist David Crowe says, “While still less than half the pace of what we would expect in a fully healthy market, the rate of housing production in April was very solid for this point of the recovery.”

(Photo credit: Fotosearch Stock Photo)