Housing Starts Rise Amid Ongoing Affordability Concerns

The August reading of 1.28 million is the number of housing units builders would start if they maintained this pace for the next 12 months. Within this overall number, single-family starts increased 1.9 percent to 876,000 units. Meanwhile, the multifamily sector—which includes apartment buildings and condos—increased 29.3 percent to a total of 408,000.

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