Housing Economics - 02/17/2011 (Plain Text Version)
Multifamily Construction Boosts Housing Starts in January
Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January...
Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January, according to figures released by the U.S. Commerce Department today. The gain was entirely due to a 77.7 percent increase in the multifamily sector, where significant month-to-month swings in activity are not unusual and where new building has been below expectations for the past several months. Meanwhile, single-family housing starts remained virtually flat for the month, with a 1.0 percent decline. Full story
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