Posts Tagged ‘issuance’

Modular Homes to House Displaced Canadians

July 4th, 2013 Comments off

Flood waters that displaced up to 900 people in Calgary, Alberta, Canada caused over $250 million in damages and led to the issuance of a state of emergency by Mayor Naheed Nanshi. According to Bruce Burrell, head of the Calgary Emergency Management Agency, “We’re in conversation with the province about building temporary neighborhoods within the city of Calgary. We have three locations that are graded and ready to go that were already available sites.” Tentative plans call for siting of modular homes in those locations to house the displaced, as informs MHProNews.

(Photo credit: Tory Ramsay/–Calgary, Alberta flooding)

New Home Starts Continue their Climb

June 18th, 2013 Comments off

Housing starts increased 6.8 percent in May to a seasonally-adjusted annual rate of 914,000 units due to a jump in multifamily construction. Single-family production remained steady at 599,000 homes, but multifamily activity grew 21.6 percent to 315,000 units. Regionally, the South posted a gain of 17.8 percent in combined starts and the West a 5.7 percent increase. The Northeast dropped nine percent points and the Midwest fell 13.7 percent. Issuance of new building permits for single-family and multifamily fell 3.1 percent in May, largely due to a drop of ten percent on the multifamily side. As MHProNews has learned from the National Association of Home Builders, single-family permits nudged up 1.3 percent to 622,000 units, its best rate in five years.

(Photo credit: Sue Orgocki/Associated Press)

April: Housing Starts Drop; Housing Permits Rise

May 17th, 2013 Comments off

The National Association of Home Builders (NAHB) reports while housing starts fell 16.5 percent to a seasonably-adjusted annual rate (SAAR) of 853,000 in April, housing permit issuance rose 14.3 percent to a SAAR of 1.02 million units, the highest rate since June of 2008. Based on data from HUD and the Census Bureau, single-family starts declined 2.1 percent while multi-family fell 38.9 percent. Regionally, combined starts fell 12.8 percent in the Northeast, 27.9 percent in the South, and 6.2 percent in the West. Only the Midwest saw a plus, of 10.9 percent. The increase in permit issuance represents a 3.0 percent rise on the single-family side and a 37.5 percent gain on the multi-family side. Regionally, total permit issuance grew 22.3 percent in the Midwest, 16.0 percent in the South, and 12.9 percent in the West. MHProNews has learned the Northeast fell 2.0 percent in permit issuance.

(Photo credit: Fotosearch)

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)

New Home Construction Hits Four-year High

October 17th, 2012 1 comment

The National Association of Home Builders says statistics from HUD and the U.S. Census Bureau report new home construction shot up 15 percent to a seasonally-adjusted annual rate (SAAR) of 872,000 units. New single-family home construction accounted for 11 percent of the increase, 603,000 units, the best rate since Aug. of 2008. New multi-family home production spiked 25.1 percent to 269,000 units, the best pace since Sept. 2008. Meanwhile, permit issuance for new home construction rose 11.6 percent in Sept. to 864,000 units. MHProNews has learned new home construction and permit issuance rates are the strongest numbers in both categories in over four years. Regionally, new home construction rose in three of the four area, with only the Northeast showing a decline.

(Photo credit: ComstockPremium)

Multifamily Building Outpaces Single-family Home Construction

December 20th, 2011 Comments off

MHProNews has learned from the National Association of Home Builders (NAHB) reports that production of single-family homes and apartments rose in November 9.3 percent to a seasonally-adjusted annual rate of 685,000 units, the highest pace since October 2008. The primary impetus from the increase came from the multifamily sector which spiked 25.3 percent to a 238,000 unit seasonally-adjusted rate, the strongest pace since Sept. 2008. Single-family starts rose to 447,000 units, a 2.3 percent gain, the highest in six months. Single-family building permits rose 1.6 percent to 435,000 units while multifamily permits rose 13.9 percent to 246,000 units, their strongest pace since October of 2008. Regionally, in November, the Northeast registered the highest housing start gain with a 53.9 percent increase. The West posted a 22.6 percent gain, the South moved up 4.1 percent, while the Midwest saw a drop of 18.2 percent in housing starts. Issuance of building permits rose 32.8 percent in the Northeast and 21.4 percent in the West. Permits fell 2.6 percent in the South and 1.9 percent in the Midwest.
(Graphic credit: NAHB)