Single-Fam Construction Tanking While Multi-Fam Stays Strong; Record Number “Under Construction”

Mortgage News Daily, July 19, 2022–Jann Swanson
There were modest pullbacks in both the seasonally adjusted annual numbers of permits and housing starts in June. But it was only because of strong gains in the multifamily sector that construction figures, provided by the U.S. Census Bureau and Department of Housing and Urban Development, stayed even close to on track.