Single Family Housing Starts in U.S. Rise in June

U.S. Housing and Urban Development and Commerce Department | July 19, 2019

Single Family Housing Starts in U.S. Rise in June
According to the U.S. Housing and Urban Development and Commerce Department, single-family gains helped offset a drop in multifamily production as total housing starts edged 0.9 percent lower in June 2019 to a seasonally adjusted annual rate of 1.25 million units. The June 2019 reading of 1.25 million starts is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this overall number, single-family starts increased 3.5 percent to 847,000 units. The multifamily sector, which includes apartment buildings and condos, fell 9.2 percent to a 406,000 pace.

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Watch as technology and corporate real estate experts discuss the latest technology trends and how they relate to workplace productivity and data analytics for real estate portfolio optimisation.