Housing starts in five-plus unit dwellings rose by 25 percent in May 2013 to a seasonally adjusted annual rate of 306,000 units, reports the National Association of Home Builders (NAHB). However, “on a three-month moving average basis, which smooths the month-over-month volatility, housing starts in five-plus unit dwellings were 302,000 in May, basically unchanged from April.”
“This is the fourth consecutive month in which the three-month moving average has registered a level greater than 300,000,” says NAHB.
Read more...APARTMENT MARKET STATISTICS: September 2013 | Multi-Housing News Online
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