by Calculated Risk on 10/23/2018 11:52:00 AM
Tuesday, October 23, 2018
Here is a graph I haven't updated in some time. From the Census Bureau "Started and Completed by Purpose of Construction" through Q2 2018.
This graph shows the NSA quarterly intent for four start categories since 1975: single family built for sale, owner built (includes contractor built for owner), starts built for rent, and condos built for sale.
Click on graph for larger image.
Single family starts built for sale were up about 8% in Q2 2018 compared to Q2 2017.
Owner built starts were unchanged year-over-year. And condos built for sale not far above the record low, but up 11% compared to Q2 2017.
The 'units built for rent' (blue) had increased significantly following the great recession, but are now moving mostly sideways.