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Fast Fact: Housing Starts Shift Slightly Toward Multi-Family Units Since 2010

A decade after the Great Recession, housing starts are failing to keep up with demand, according to data from the U.S. Census Bureau’s Department of Housing and Urban Development.

Between 2010 and 2015, a shift occurred in housing starts between single-family and multi-family units. In 2010, 80.3% of housing starts were single-family before shifting to 64.3% in 2015. However the rise of multi-family units in 2015 have since fallen down to 30% of total housing starts.

By Region, multi-family housing starts represent 43.8% of all starts this year through May year-to-date. The Midwest has the lowest multi-family ratio at 25.6%.

With the exception of multi-family units up 2.9%, total building permits are down 2.4% and single-family units dropped 5.3% from 2018 to 2019 YTD.

For an in-depth look at the data, click here.

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LYNN COURTADE    last year

Makes perfect sense. As people downsize, some are looking for an additional monthly income.
Let's hope the furniture industry responds by offering smaller scale home furnishings.
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