by Calculated Risk on 12/19/2023 09:21:00 AM

Today, in the CalculatedRisk Real Estate Newsletter: Single Family Starts Increase Sharply in November, Near Record Number of Multi-Family Housing Units Under Construction

Excerpt:

The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red).

Total starts were up 9.3% in November compared to November 2022.  And starts year-to-date are down 9.9% compared to last year.

Starts were down year-over-year for 16 of the last 19 months (May, July and now November 2023 were the exceptions), and total starts will be down this year - although the year-over-year comparisons are easier in December.

There is much more in the post.  You can subscribe at https://calculatedrisk.substack.com/