Thursday, 28 October 2021 | The Latest Buzz for the Appraisal Industry

Housing Starts Jumped in August as Builders Battled Supply-Side Constraints

Housing starts reached a seasonally adjusted annual rate of 1.6 million in August, an increase of 3.9% compared with July and up a whopping 17.4% compared with August 2020, according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development.

Most of the increase came in multifamily housing.

Regionally, and year-over-year, combined single-family and multifamily starts were up 35.9% in the Northeast, 14.0% in the Midwest, 20.2% in the South and

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