Single-family housing starts rise to highest level in a decade

OTTAWA (Reuters) – Canadian housing starts jumped in March to their highest level in nearly a decade on a sharp rise for multifamily buildings, defying expectations of a slowdown, data showed on Monday. The seasonally adjusted annual rate of housing starts rose to 253,720 units from February, the Canada Mortgage and Housing Corp said.

 · Starts for buildings with five units or more hit their highest level since June 2015. Permits for future construction edged up 0.3 percent in October. single-family permits rose 2.7 percent last month, while building permits for multi-family units fell 3.3 percent.

Housing. highest level since last July at 49. On the regional level, the Northeast led the gains, jumping 10 points to 65. The South and West, however, remain the strongest regions. Rising.

OTTAWA, April 10 (Reuters) – Canadian housing starts jumped in March to their highest level in nearly a decade on a sharp rise for multifamily buildings, defying expectations of a slowdown, data.

Single-Family Housing Starts Rise To 4-Year High The housing market continues to improve. According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years.

 · It’s no secret a lack of inventory is making an impact on the housing market, but new reports show hope for a change. The U.S. Bureau of Labor Statistics and the U.S. Department of Housing and Urban development released its latest housing report showing that residential housing starts are on the rise at a 1.35 million pace, which is the highest they’ve been since 2007.

The data are for new, privately-owned housing units, excluding "HUD-code" manufactured (mobile) homes. The data are from the building permits survey, and from the Survey of Construction (SOC), which is partially funded by the Department of Housing and Urban Development (HUD) .

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Building Permits, Starts for March & April Rise In May, housing. level of 1.235 million units. Last month’s decline was primarily attributable to a 6.4% plunge in single-family homebuilding..

The median price of new single-family homes that sold last quarter was. A key factor in the high price of new homes is rising construction costs.. the highest level since the Census Bureau began reporting it in 1988.3. In January, housing starts were 11.6 percent below the historical average (see chart).

Developers are struggling with rising labor and materials costs. Still, there. Single-family starts fell 0.4%, with permits down 1.1%. Starts for.