Sociable

Wednesday, February 16, 2011

Home construction rose at the fastest rate in 20 months

However, it was an increase in multi-family starts.  Interesting since, there is an increase in the household size.
Single-family homes, which make up nearly 70 percent of new construction , fell 1 percent to an annual rate of 417,000 units. Multifamily construction, a more volatile category, skyrocketed 80 percent to an annual rate of 171,000 units.

No comments:

Post a Comment