From Home Furnishing Business
Fast Fact: Housing Starts Shift Slightly Toward Multi-Family Units Since 2010
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.