by Calculated Danger on 5/21/2024 09:45:00 AM
In the present day, within the Calculated Danger Actual Property Publication: 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 Objective and Design via Q1 2024.
The primary graph reveals the variety of single household and multi-family items began with the intent to lease. This knowledge is quarterly and Not Seasonally Adjusted (NSA). Though the vast majority of items built-for-rent’ are nonetheless multi-family (blue), there was a major pickup in single household items began built-for-rent (purple).
In 2020, there have been 44,000 single household items began with the intent to lease. In 2023, that quantity virtually 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 virtually 50% from 108,000 in Q1 2023.
There’s far more within the article.
