Tuesday, February 03, 2015

Lawler: Historical New Housing Put in Place (Completions/Placements)

by Bill McBride on 2/03/2015 05:51:00 PM

Here is some interesting data (just for background) from housing economist Tom Lawler:

Note: Manufactured housing placements prior to 1974 and for 2014 based on shipments. Census stopped releasing estimates for MH placements this summer.

Note that while the total number of new housing units completed/put in place from 2003 to 2007 was almost identical to that for 1983 to 1987, single-family production was 41% higher.

Since the end of 2007, the number of single-family (attached and detached) homes occupied by renters has probably increased by over 4 million.

Housing Put in Place by Type (Annual Average, Thousands of Units)
  Single
Family
Multi-
family
Manufactured
Housing
Total
1968-729286414352,004
1973-771,0615753241,960
1978-821,0164872511,754
1983-871,0535812691,903
1988-929763262021,504
1993-071,1022313051,638
1998-021,2513242731,848
2003-071,4853011191,905
2008-1255320757817
201356919556820
201463026460953