More Multifamily

Through July, housing starts are up 11.3% YTD, an increase of 65,900 units. Single-family activity is up 11.2% or 42,200 units, while multifamily starts are up 11.6% or 23,600 units. As for permits, while up 14.2% YTD or 85,800 units, single-family permits are up just 8.8% or 33,200 units, less than the rise in SF starts, while multifamily permits are up 22.8% or 52,600 units, substantially more than MF starts.