Wednesday, July 19, 2023

Multi-Family Housing Units Under Construction Ties 1973 Record Numbers

From Calculated Risk, "June Housing Starts: Record Number of Multi-Family Housing Units Under Construction" by Bill McBride, Wednesday, July 19, 2023:
Currently there are 994 thousand multi-family units under construction. This ties the record set in July 1973 of multi-family units being built for the baby-boom generation. For multi-family, construction delays are a significant factor. The completion of these units should help with rent pressure.

Source: Calculated Risk

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