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. https://www.realtrends.com/blog/single-family-post-slight-decline/
blog article
SINGLE-FAMILY STARTS POST SLIGHT DECLINE AS BUILDERS GRAPPLE WITH AFFORDABILITY ISSUES
According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, total housing starts rose 1.5 percent in October to a seasonally adjusted annual rate of 1.23 million units from an upwardly revised September reading. Year-to-date, new housing starts are 5.6 percent above their level over the same period last year. The October reading of 1.23 million is the number of housing units builders would start if they maintained this pace for the next 12 months. Within this overall number, single-family starts edged down 1.8 percent to 865,000 units. Meanwhile, multifamily starts–which include apartment buildings and condos–rose 10.3 percent to 363,000. TRACEY VELT READ MORE