Led by a solid increase in both single-family and multifamily starts, nationwide housing production rose 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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New Construction Starts to Climb 6 Percent in 2013
New construction starts are forecast to rise 6 percent this year to $506 billion, according to the Midyear Update to the 2013 Construction Outlook from McGraw Hill Construction, a division of McGraw Hill Financial. This is the same rate of increase for total construction starts that was predicted last October, and follows the 8 percent gain that took place in…
Read MoreJune Construction Settles Back One Percent
New Construction Starts In June Receded 1 Percent, But Highway Construction Took A Huge Leap Forward. By Mark S. Kuhar
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