Housing Starts Increase In April
Housing starts across the U.S. increased in April 2.2% to 1.4 million according the U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction report released May 17. Notably, this is 22.3% lower than April 2022’s 1.8 million. Single-family home construction increased 1.6% to its highest level so far in 2023. Starts of apartment buildings and other multifamily projects also rose: The April rate for units in buildings with five units or more was 542,000.
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Housing Starts Continue Negative Pattern
Housing Starts Continue Negative PatternU.S. housing starts dropped 4.2% in October from September to a seasonally adjusted annual rate of 1.425 million, including a drop in single-family starts of 6.1% to 855,000, and a modest decline of 0.5% in multi-family starts...
First CLT Office Opens In DC
Opened in fall 2022, the first mass timber commercial building in the U.S. capital city features more than 108,000 sq. ft. of mass timber. The building is an innovative retrofit at 80 M Street SE in Washington, DC: Termed an overbuild—extra stories atop an existing building—the expansion features three floors, where columns of mass timber are visible from the interior…
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