by Calculated Risk on 3/19/2024 10:12:00 AM

Today, in the Calculated Risk Real Estate Newsletter: Single Family Starts Up 35% Year-over-year in February; Multi-Family Starts Down Sharply

A brief excerpt:

Total housing starts in February were above expectations and starts in December and January were revised up.

Last month, I noted that permits held up better than starts in January, and that housing starts were impacted by the severe weather in January. For February, permits and starts were at about the same level.

The third graph shows the month-to-month comparison for total starts between 2023 (blue) and 2024 (red).

Total starts were up 5.9% in February compared to February 2023.

Starts were up year-over-year for the third consecutive month, after being down year-over-year for 16 of the previous 18 months.