Multifamily Surge Fuels Jump In US Housing Starts For June

US housing construction surprised to the upside in June, with starts climbing 19% to a seasonally adjusted annual rate of 1.427M, according to Oxford Economics. While the headline looks bullish, Globe St reports single-family starts remained essentially flat—down 0.2%—leaving multifamily projects to account for June’s outperformance. Oxford Economics attributes this spike to a sharp 76.2% rebound in multifamily. Read on to learn more: Link

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