MULTI-FAMILY Building INCREASES

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) — Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January, according to figures released by the U.S. Commerce Department today. The gain was entirely due to a 77.7 percent increase in the multifamily sector, where significant month-to-month swings in activity are not unusual and where new building has been below expectations for the past several months. Meanwhile, single-family housing starts remained virtually flat for the month, with a 1.0 percent decline.

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Just like in the 70s & 80s when Single Family Housing slowed down there will always be more Multi-family.

Multifamily Construction Boosts Housing Starts in January