Construction Reporter

  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
Construction News

housing starts buoyant for  most of 2018, with end of the year decline

3/1/2019

0 Comments

 
Picture
According to the latest numbers crunched by the Washington-based National Association of Home Builders, both multi-family and single-family construction were significantly up for most of 2018.

For the entire 12-month period, multi-family construction showed a 5.5 percent gain, representing nearly 374,000 new housing units.

During those same months, single-family construction, with just under 873,000 new housing units, was up by 2.8 percent.

But troubling statistics for the industry did not show up until December, which saw overall housing starting off by 11.2 percent. In that category, multi-family starts dropped by 20 percent, while single-family construction was off 6.7 percent decline.

Those end of 2018 numbers are fueling less than robust predictions for the housing construction market this year: “We expect single-family production will be relatively flat in 2019 and multi-family starts will level off as well,” said NAHB chief economist Robert Dietz in a statement.

Dietz additionally predicted that the great challenge confronting homebuilders this year will not be just responding to the ongoing massive housing affordability issue, but trying to find available lots for such construction and wading through what he describes as excessive regulatory processing.

Despite the disappointing December numbers, the latest NAHB statistics show that new housing building permits were up by just over 17 percent in both the West and Midwest, followed by a smaller 2 percent increase in the South.

Only in the Northeast, with a 6 percent drop, was there an actual decline in such permits.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox. Sign up for our newsletter

    Subscribe

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

Home
PLANS & PRICING
Free Trial
magazine​
become a member
reprographics (new)
magazine store
FAQs
CONTACT
​ABOUT

​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758



Timely, reliable news since 1949


Copyright © 2020 Construction Reporter
User Agreement   Privacy Policy   Archive Policy