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Friday, October 21, 2022

Total Housing Completions Will Increase About 6% in 2022

by Calculated Risk on 10/21/2022 02:56:00 PM

Even as housing starts slow, completions will increase in 2022 compared to 2021.

This graph shows total housing completions and placements since 1968 with an estimate for 2022. Note that the net additional to the housing stock is less because of demolitions and destruction of older housing units.

CompletionsClick on graph for larger image.

My current estimate is total completions (single family, multi-family, manufactured homes) will increase about 6% in 2022 to over 1.5 million. This will be close to the same level of completions as in 2007.

This is an update to an August article in the Calculated Risk Real Estate Newsletter: Update: Housing Completions will Increase Sharply in Late 2022 and Early 2023