Robert Dietz’s Post

Overall US housing starts fell 5.5% in May to a seasonally adjusted annual rate of 1.28 million units, according to a report from the U.S. Department of Housing and Urban Development and the US Census Bureau.

New construction continues it's tear upwards. Considering that both political parties are in the mind to lower the regulatory burdens on the housing market. We may see the glimmer of a true housing rebound. #nahb #builders #mba #mortgage #realtor #nahrep #nammba #firstimehomebuyer #housingfinance #mortgagebanker #homeownership #americashomeowneralliance #tmc #lendersone #mortgageindustry #zionmortgage

Housing starts rebounded in June. Mostly thanks to multifamily construction. Completions for multifamily units in June were running at their highest levels since 1975. #housingstats #housingmarket #realestate #dfwrealtor #realtor #multifamily #realestateinvesting

Behind the slight rise from May’s residential construction numbers is mostly multifamily starts, having increased 19.6% to an annualized 373,000 pace in June. https://hubs.ly/Q02H8nF90

U.S. housing construction rebounds, with starts up 10.7% to 1.5M units in Feb, matching pre-pandemic levels. Single-family units surge, hinting at a market split with multifamily starts lagging amid high supply. https://lnkd.in/dA4cFMR7

In August, multifamily construction permits fell by 16.8% year-over-year, despite a noteworthy 8.3% month-over-month increase. Notably, completions surged to a 50-year high, with 740,000 units delivered—a sign of ongoing projects reaching fruition. The West led the decline with a 42% drop in permits, while the Northeast and Midwest saw decreases of 22.4% and 9.5%, respectively. However, the South, including major Florida metros like Miami, Orlando, and Tampa, experienced only a slight dip. While overall multifamily starts dipped, single-family construction saw a 15.8% permit increase from July to August. This shift reflects changing dynamics in residential construction. Moving forward, the multifamily sector's trajectory will depend on economic factors like interest rates and material costs. As the single-family market thrives with lower mortgage rates, the multifamily sector faces supply constraints. Stay tuned for more insights as we navigate evolving market conditions! #MultifamilyRealEstate #ConstructionTrends #MarketUpdate #FloridaRealEstate

Record High Multifamily Construction Deliveries Drive Vacancy Rates Higher Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket

Housing Starts dropped 6% month-over-month in May to 1,277,000 units (SAAR), which was both below expectations and the lowest figure seen in 4 years. Building Permits for future construction also declined MoM, with permits for new multifamily units down 31% year-over-year

Housing Starts dropped 6% month-over-month in May to 1,277,000 units (SAAR), which was both below expectations and the lowest figure seen in 4 years. Building Permits for future construction also declined MoM, with permits for new multifamily units down 31% year-over-year.

April saw a bump in new home construction, but permits for future projects dipped. While some finished homes are good news, the slowdown could limit options down the road. #fundwithfarlene #mbshighway #housingmarket #newhomes #realestate #mortgagetips