by Calculated Risk on 8/24/2022 01:22:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Update: Housing Completions will Increase Sharply in Late 2022 and Early 2023
A brief excerpt:
Even as housing starts slow, there will be a sharp increase in new supply in 2022 (and into 2023) including both single family homes and apartments.
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.
My current estimate is total completions (single family, multi-family, manufactured homes) will increase about 10% in 2022 to almost 1.6 million. If correct, this would be the same level of completions as in 2007.
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Image and article originally from www.calculatedriskblog.com. Read the original article here.