by Calculated Threat on 5/21/2024 09:45:00 AM
Immediately, within the Calculated Threat Actual Property E-newsletter: Single Household Constructed-for-Hire Up 20% 12 months-over-year in Q1
A short excerpt:
Together with the month-to-month housing begins report for April launched final week, the Census Bureau additionally launched Housing Models Began by Goal and Design by means of Q1 2024.
The primary graph reveals the variety of single household and multi-family items began with the intent to lease. This information is quarterly and Not Seasonally Adjusted (NSA). Though nearly all of items built-for-rent’ are nonetheless multi-family (blue), there was a big pickup in single household items began built-for-rent (pink).
In 2020, there have been 44,000 single household items began with the intent to lease. In 2023, that quantity nearly doubled to 85,000 items. There have been 18,000 single household items began in Q1 2024 built-for-rent, up 20% from 15,000 in Q1 2023.
For multi-family, there have been 56,000 items began to lease in Q1 2024, down nearly 50% from 108,000 in Q1 2023.
There may be way more within the article.
