Wednesday, June 17, 2020

Quarterly Starts by Purpose and Design

by Calculated Risk on 6/17/2020 03:10:00 PM

Along with the monthly housing starts for May today, the Census Bureau released Quarterly Starts by Purpose and Design through Q1 2020.

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.

New Home Sales and Housing Starts by IntentClick on graph for larger image.

Single family starts built for sale (red) were up 13.1% in Q1 2020 compared to Q1 2019.

Owner built starts (orange) were up 10.3% year-over-year.

Condos built for sale increased, but are still pretty low.

The 'units built for rent' (blue) and were up 48.1% in Q1 2020 compared to Q1 2019.