at Calculated Risk on 1/20/2025 02:04:00 PM
Today, in the Calculated Risk Real Estate Newsletter: 1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006
A letter excerpt:
Although total housing starts decreased 3.9% in 2024 compared to 2023, completions increased sharply year-over-year. There were 1.731 million total completions and placements in 2024, up 12.5% compared to 2023, and the most since 2006.
Not counting manufactured homes, there are 1,628 million completions in 2024, up 12.4% from 1,449 million in 2023, and also the most since 2006.
…The housing start report last week indicated 1,020.4 thousand single family completions in 2024 (red), up 2.2% from 998.8 thousand in 2023. There were 16.8 thousand completions of 2-to-4 units, and 590.6 thousand completions of 5+ units (blue), up 35% from 2023, and the most since 1974!
There is much more in the article.