October Housing Starts: 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.
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