Ventings from a guy with an unhealthy interest in budgets, policy, the dismal science, life in the Upper Midwest, and brilliant beverages.
Monday, March 20, 2023
Less single homes, but a lot more multiplexes in America.
New housing numbers had a big jump in starts, but that's not necessarily what grabbed my eye. February housing and construction data should generally give you pause, since seasonal adjustments are at their highest around that time of year. But is clear that there has been a shift in the type of homes being constructed in the last year. Since February 2022, the amount of single-unit houses that have been completed have generally drifted downward, but projects with 5 or more housing units has jumped by 72% in the last 12 months listed, driving an overall increase in new units being finished. the price decline that has already started in some markets? Also, does the trend to large amounts of multi-unit construction mean that renting can come back to being more affordable? Or at least start dominoes where previously-built units become more available as new units come around? God knows a lot of people would welcome that, as this guy’s 2010 candidacy has proven well ahead of its time.
Posted by Jake formerly of the LP at 5:19:00 PM
Subscribe to: Post Comments (Atom)
Post a Comment