Just released report on the single and multi-family building. As with all aspects of the real estate industry..this is a mixed report….
From CNBC:
Total starts fell 5.8 percent, driven by a nearly 20 percent drop in multi-family. Single family was essentially flat month-to-month. But remember, multi-family is a very volatile number and can swing 20-30 percent monthly due to large local projects. Yes, they are both ahead from last year, but 2011 was the worst year in the history of U.S. home building.
“Good News on Housing Permits More Than Offsets the Bad News on Starts”— HIS Global Insight
“Housing Starts Decline Again” – Capital Economics
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“March Multifamily Starts Down; Permits Continue Upward Trend”— KBW
“March Construction Numbers Aren’t As Bad as They Look”— Trulia.com
“Housing Starts Lacking Consumer Confidence” — Sageworks Inc.
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