The US Census Bureau released new data that shows that there were approximately 13,700 housing units started in the West Census region of the US in June 2011.  National levels were up 16 percent, with total housing starts rising to a total of 62,900.

June 2011 produced the largest number of housing starts since October 2008.

"Multifamily starts have rebounded more than single-family starts." reported Ryan McMaken of the Colorado Division of Housing.  "Starts for structures with more than one unit, increased by 242 percent rising from 1,400 units during June 2010, to 4,800 units during June (2011).

 The data clearly shows strength in the demand for rental-housing.    

"This data suggests that multifamily starts have established a clear growth trend over the past several months," writes McMaken, "and given the demand for rental housing as an alternative to home ownership, this trend is poised to continue."

Read the full story at CDOH.

Posted in Buyer Resources, Real Estate Trends

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