Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Housing Starts Up 6.8% in May
Jun 20, 2013
 Printable format
 Email this Article
 Search

U.S. nationwide housing starts were up 6.8%, to a seasonally adjusted annual rate of 914,000 units, in May 2013, according to data from the Census Bureau. Increased multifamily housing production was the primary driver of the higher May numbers.

Single-family home building was likely slowed by May's wet weather in much of the United States, according to National Association of Home Builders Chief Economist David Crowe. "Nevertheless, the strength in permit issuance for single-family units--and stockpiling of permits for future use--provides further evidence that housing continues on a slow and steady path to recovery."

Single-family housing starts were little changed in May, at a solid pace of 599,000 units. Multifamily production rebounded back from an April 2013 decrease to show a 21.6% gain, to 315,000 units, in May.

Issuance of new building permits were down 3.1%, to a seasonally adjusted annual rate of 974,000 units, in May. This reduction was due to a drop in multifamily permits. May's 10% multifamily drop, to 352,000 units, after a spike in multifamily permits in April. Single-family permits were up 1.3% in May 2013 to 622,000 units, for the best sector pace in five years.

"The outlook for housing continues to brighten as builders respond to increased demand for new homes and rental apartments," said NAHB Chairman Rick Judson, a home builder from Charlotte, NC. "While challenges with regard to the cost and availability of building materials, lots and labor are still keeping the pace of improvement in check, both builders and consumers are more confident about their prospects in the current marketplace."

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows