Excerpt:
The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red).There is much more in the post. You can subscribe at https://calculatedrisk.substack.com/
Total starts were up 9.3% in November compared to November 2022. And starts year-to-date are down 9.9% compared to last year.
Starts were down year-over-year for 16 of the last 19 months (May, July and now November 2023 were the exceptions), and total starts will be down this year - although the year-over-year comparisons are easier in December.
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