December 28, 2012

Housing starts down in West region

The West Census region, which includes Colroado, saw fewer housing starts in November than in November 2011.

Multi-family starts decreased in the region by 39 percent year-over-year. The Colorado Division of Housing attributes this to an unusually large number of multi-family starts in November 2011.

Single-family starts in the region were up, by 34.9 percent. The increase marks the highest number recorded during the month of November since 2007.

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Nationally, housing starts, including both single- and multi-family, rose by 21 percent.

The West Census region includes states on the west coast and in the Rocky Mountain region.

The West Census region, which includes Colroado, saw fewer housing starts in November than in November 2011.

Multi-family starts decreased in the region by 39 percent year-over-year. The Colorado Division of Housing attributes this to an unusually large number of multi-family starts in November 2011.

Single-family starts in the region were up, by 34.9 percent. The increase marks the highest number recorded during the month of November since 2007.

Nationally, housing starts, including both single- and multi-family, rose by 21 percent.

The West Census region includes states on the west coast and in the Rocky Mountain region.

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