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Single Strength

Daryl Delano, Cahners Economics
March 1, 2000
Professional Builder

Housing Starts
(Thousands of Units, Seasonally-Adjusted Annual Rate)
Single- Family Multi- family
Q1/98 1242 340
Q2 1243 326
Q3 1274 363
Q4 1352 349
Q1/99 1389 384
Q2 1318 299
Q3 1305 352
Q4 1347 304
Q1/00 1260 290
Q2 1235 285
Q3 1200 300
Q4 1225 310
Q1/01 1245 315
Q2 1270 330
Q3 1310 340
Q4 1335 350
Historical Data: U.S. Department of Commerce
Forecast: Professional Builder
Preliminary numbers for the full year of 1999 show a pattern of the single-family sector doing much better than the multifamily residential construction market. Total starts are estimated to have reached 1.663 million units last year, an increase of 2.9% from the already-healthy 1998 total. The number of single-family homes started during 1999 was estimated at slightly more than 1.33 million units, a total 4.7% above the 1998 level. However, an estimated 4.1% fewer units were started in multifamily buildings during 1999 than in the previous year.

The Midwest recorded a 7.5% increase in total starts during 1999. The Northeast (+3.5%) and the South (+2.6%) saw starts increase at modest rates.

© 2009, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.

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