THE SURGE IN STARTS: METROSTUDY PINPOINTS SEVEN FAST-GROWING MARKETS
by Brad Hunter:
According to the U.S. Census Bureau release this morning, housing starts shot up 20.2% in April to a seasonally adjusted annual rate of 1.14 million, hitting the fastest rate since late 2007. Construction of Single-Family homes rose more than 16%, which is huge, and construction of multifamily (mostly apartments) rose even faster. The improvement in housing shown today does reflects the greater optimism we are hearing from our various field offices around the country.
We at Metrostudy have just completed another complete count of builder activity and new-home supply in markets all around the nation. The information comes from our 100% count of supply/demand metrics within the areas we research.