by Calculated Risk on 2/19/2025 09:17:00 AM

Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.366 million Annual Rate in January

A brief excerpt:

Total housing starts in January were below expectations; however, starts in November and December were revised up.

The third graph shows the month-to-month comparison for total starts between 2024 (blue) and 2025 (red).

Total starts were down 0.7% in January compared to January 2024. There were significant regional differences in January with starts in the Northeast region down sharply year-over-year (likely weather related).

Single family starts have been up year-over-year in 14 of the last 19 months, whereas multi-family has been up year-over-year in only 4 of last 20 months.

There is much more in the article.

Weekly Schedule