Article source: CMDGroup
This Economy at a Glance (EAAG) will look at home starts in major U.S. and Canadian cities, according to ‘totals’ (Part 1), plus single-family (Part 2) and multi-family (Part 3) markets.
The accompanying tables rank the dozen American and half-dozen Canadian cities by actual start levels in 2015 and year-over-year percent changes.
For both the U.S. and Canada, the cities are the broad designations (MSAs and CMAs) which include downtown cores plus all suburbs with close live-work commuting ties.
The website versions of these three articles include a wealth of graphs, since it is often true that a picture is worth a thousand words.
Nevertheless, here’s commentary on total new home groundbreakings in the 18 major cities.
In the U.S., the monster-sized market for total housing starts in 2015, at 86,400 units, was New York.
Two cities in Texas, Houston (56,900) and Dallas-Fort Worth (56,400), were in second and third places respectively, but way back.
Los Angeles (33,700) and Atlanta (30,000) placed fourth and fifth.
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