Near Record Number of Multi-Family Housing Units Under Construction

by Calculated Risk on 11/17/2023 09:19:00 AM

Today, in the CalculatedRisk Real Estate Newsletter: October Housing Starts: Near Record Number of Multi-Family Housing Units Under Construction

Excerpt:

The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red).

Total starts were down 4.2% in October compared to October 2022.  And starts year-to-date are down 11.3% compared to last year.

Starts have been down year-over-year for 16 of the last 18 months (May and July 2023 were the exceptions), and total starts will be down this year – although the year-over-year comparisons are somewhat easier in Q4.

There is much more in the post.  You can subscribe at https://calculatedrisk.substack.com/