Newsletter: Housing Starts Decreased to 1.307 million Annual Rate in August

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).

Starts 2024 vs 2025Total 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.