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Facts about Buying & Selling New Home- Multifamily housing starts accounted for the highest share of overall housing starts, at 30%, since 1986, when the U.S. experienced overbuilding in the apartment sector. Of course, back then, there were more than double the number of apartments being constructed.
- Multifamily construction in 2012 was more than double the rate of 2009 and 2010 combined, at 233,400 units. But that was still lower than any year between 1995 and 2008.
- Single-family housing starts ended the year at 535,500, which is the fourth lowest since record keeping began in 1959, but a hefty 24% above last year’s level, which was the lowest on record. In other words, construction is very low, but it is beginning to pick up the pace.
- December's rate of new construction, which hit a seasonally adjusted annual level of 954,000 total units and 616,000 single-family units, stood at the highest level in 4˝ years. Still, the single-family starts figure was below that of every month between June 1982 and June 2008.
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