Single-Family Starts Save the Day

Pushed forward by a 7 percent increase in single-family housing starts, housing starts overall rose 0.9 percent in August despite an 11 percent fall in multifamily starts. While multifamily homes did fall in August, that marks the fourth falling month in 2013, with four rising months to go with them. The single-family increase was reflected in all four regions of the census, with results ranging from a 17.5 percent increase in the West, to a 2.3 percent increase in the South. In addition, single-family permits rose 3% nationally and either rose or remained the same in every region.

 

Read the full article here: Single-Family Starts Save the Day

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