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Today, in the CalculatedRisk Real Estate Newsletter: August 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 14.8% in August compared to August 2022. And starts year-to-date are down 12.5% compared to last year.
Starts have been down year-over-year for 14 of the last 16 months (May and July 2023 were the exceptions), and I expect total starts to be down this year – although the year-over-year comparisons will be easier the rest of the year.There is much more in the post. You can subscribe at https://calculatedrisk.substack.com/
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