The numbers: Home builders picked up the pace of new-home construction and permitting in August, with a sharp focus on multifamily housing.
What happened: With both housing starts and building permits, the gains recorded in August were driven by an uptick in multifamily construction activity. Multifamily starts rose by nearly 22%, whereas single-family starts decreased by roughly 3% on a monthly basis. The big picture: A faster pace of construction is just what the housing market needs, but it’s not clear that builders are making the exact types of homes the country needs.
Yeah just like there was only 1.2 million in a rears after covid not tens of millions before keep barking poodle
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