by Calculated Risk on 9/19/2023 09:23:00 AM

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/