Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.246 million Annual Rate in October
A brief excerpt:
Note: The Census Bureau is still catching up. They released Start data for September and October today, but we are still missing November data.
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The third graph shows the month-to-month comparison for total starts between 2024 (blue) and 2025 (red).
Total starts were down 7.8% in October compared to October 2024.
Year-to-date (YTD) starts are down 0.7% compared to the same period in 2024. Single family starts are down 7.0% YTD and multi-family up 18.0% YTD.
There is much more in the article.