Residential Construction Closes 2024 with Strong Momentum but Uncertain Outlook

Residential construction nationally ended 2024 on a high note, as total housing starts surged by 15.8 percent in December, more than offsetting the prior month’s decline. According to a report from Wells Fargo, both single-family and multifamily construction contributed to the gain, but the standout figure was a 61.5 percent jump in multifamily starts. While […]