March 26, 2014
Housing starts in US remain below 1 million mark
Construction started on 923,400 new homes in 2013. This is 18% higher than the number of starts in 2012, but construction activity is still significantly lower than before the 2008 financial crisis. Before the recession, housing starts ranged between 1 and 2 million units every year. In December, the number of housing starts declined by 10%. Construction started on 999,000 new homes in December at a seasonally adjusted annual rate. Multi-family home construction fell more than singlefamily housing starts in December. However, demand for rental apartments remains high. A ...
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