The Architectual Billings Index is up for a fourth month in a row and though housing starts ticked down slightly, the much-more-accurate housing permits series showed continued growth. An interesting trend is that, as you can see above, the share of multifamily projects in the overall mix has been increasing and is much higher than what we saw in the 1990s or the aughts.
That in turn has implications for the housing economy, since the firms and workers who have the right skills for multifamily construction probably aren't identical to the ones who were doing single family homes during the previous long construction boom.
TODAY IN SLATE
The Self-Made Man
The story of America’s most pliable, pernicious, irrepressible myth.
Rehtaeh Parsons Was the Most Famous Victim in Canada. Now, Journalists Can’t Even Say Her Name.
Mitt Romney May Be Weighing a 2016 Run. That Would Be a Big Mistake.
Amazing Photos From Hong Kong’s Umbrella Revolution
Transparent Is the Fall’s Only Great New Show
Rehtaeh Parsons Was the Most Famous Victim in Canada
Now, journalists can't even say her name.
Lena Dunham, the Book
More shtick than honesty in Not That Kind of Girl.