Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.307 million Annual Rate in August
A brief excerpt:
Total housing starts in August were well below expectations, however, starts in June and July were revised up.
The third graph shows the month-to-month comparison for total starts between 2024 (blue) and 2025 (red).
Total starts were down 6.0% in August compared to August 2024.
Year-to-date (YTD) starts are up 0.7% compared to the same period in 2024. Single family starts are down 4.9% YTD and multi-family up 17.5% YTD.
There is much more in the article.