by Calculated Risk July 17, 2024 9:39 AM
Today’s Calculated Risk Real Estate Newsletter: Single-family home starts increased year-over-year in June, while apartment starts decreased 23% year-over-year
Short excerpt:
Total housing starts in June beat expectations, while starts for April and May were revised upward.
The third chart shows a month-by-month comparison of total construction starts for 2023 (blue) and 2024 (red).
Total construction starts in June were down 4.4% compared to June 2023.
The year-on-year decrease in total housing starts is due to a sharp decline in housing starts for apartment complexes.Single-family home starts have increased year-over-year for 12 consecutive months.
There’s a lot more in the article.
