Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Increased to 1.428 million Annual Rate in July
A brief excerpt:
Total housing starts in July were well above expectations and starts in May and June were revised up.
The third graph shows the month-to-month comparison for total starts between 2024 (blue) and 2025 (red).
Total starts were up 12.9% in July compared to July 2024. Note that July was the weakest month in 2024, so this was an easy comparison.
Year-to-date (YTD) starts are up 1.6% compared to the same period in 2024. Single family starts are down 4.2% YTD and multi-family up 18.1% YTD.
There is much more in the article.