Housing Completions will Increase Sharply in 2022
by Calculated Risk on 6/20/2022 10:51:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Housing Completions will Increase Sharply in 2022
A brief excerpt:
Even as housing starts slow, there will be a sharp increase in new supply in 2022 including both single family homes and apartments.
This graph shows total housing completions and placements since 1968 with an estimate for 2022. Note that the net additional to the housing stock is less because of demolitions and destruction of older housing units.
My current estimate is total completions (single family, multi-family, manufactured homes) will increase about 17% in 2022 to almost 1.7 million. If correct, this would be the most completions since 2006.
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/