Single Family Starts Up Year-over-year in December; Near Record Number of Multi-Family Housing Units Under Construction

Today, in the Calculated Risk Real Estate Newsletter: Single Family Starts Up Year-over-year in December; Near Record Number of Multi-Family Housing Units Under Construction

A brief excerpt:

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

Total starts were up 7.6% in December compared to December 2022.  And starts in 2023 were down 9.0% compared to 2022.

Starts were down year-over-year for 16 of the last 20 months, although starts were up year-over-year in 4 of the last 8 months. The year-over-year comparisons will be easier in 2024.

There is much more in the article.