Major investment firms have been setting aside billions of dollars for large scale acquisitions in single family housing since the downturn, with activity jumping in 2012 as analysts called a market bottom.
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From their recent respective peaks, single-family home sales are down by 15%, single-family housing starts by 35% and single-family home prices by 3.5%.
In 2011, whereas single-family housing starts fell 9% from the year before, starts of structures with five or more units were up 60%.
Looking to 2004, the National Association of Home Builders forecasts that single-family housing starts will decline 3%, though the absolute figure will still be sky-high.
The single-family housing market is struggling, Sorrentino says, and from where he sits the impact stretches to small businesses who counted on the residential construction industry.
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Single-family housing starts hit their highest level since the first-time homebuyer tax credit sparked residential real estate demand back in April 2010, helping housing starts hit an annualized 750, 000 in August.
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Now, or I should say, again, just when you thought it was safe to bottom-fish in the distressed single-family housing market, maybe for a home for you and your family, along comes the Wall Street gang, again.
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Single-family-housing starts dropped 12 percent in September.
The biggest monthly increases came in private single-family and multi-family housing categories, and in public office, health care and power construction projects.
The company notes some small improvements in housing, including a single-family delinquency rate that has fallen to 3.8% from 3.96% in the second quarter this year.
Now 63, he grew up in public housing, in a single-parent family in Columbus, Georgia.
Now 63, he grew up in public housing, in a single-parent family in Columbus, Ga.
This is largely due to high regulatory costs that discourage new housing supply, particularly the single-family homes preferred by most families.
Housing construction fell in November and single-family activity dropped to the lowest level in more than 16 years.
And while overall housing starts were up in March, single-family home starts fell 5.0%, and permits for futures starts fell 3.9%.
One family in five in social housing is headed by a single parent, triple the percentage of the population at large.
In the first quarter of 2012, starts of multifamily housing structures were up another 27%, while single-family starts were up only 16.7%.
The real rise in housing starts is in rental apartments, as investors buy foreclosed single-family houses to rent.
Housing is stabilizing with a gradual decline in inventory of unsold homes and single family permits up 21.7%.
Sales of new single-family homes declined 2.3% in August, and a recent string of similarly lackluster housing data and commentary offer little to suggest a swift recovery is on the horizon.
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The FHA has played an important role in keeping the housing market healthy, as it provides insurance on mortgage loans for single- and multi-family homes.
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Analysts at DBS Bank Ltd. in Singapore suggested the U.S. housing data was not all that spectacular, since it reflects a big jump not in single family homes but in apartment construction, which is typically volatile.
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