Home completions surge as new building starts drop sharply
- Housing starts
- −12,7 %indice 141.7
- Homes completed
- +15,3 %indice 135.6
More apartments finished construction this month than before, while far fewer new projects broke ground. That mix matters if you are hunting for a rental right now.
Completions rose 15.3%, index at 135.6. Starts fell 12.7%, index at 141.7. More units are reaching the market today even as the pipeline behind them thins out.
If you are negotiating a lease this month, ask how many buildings are under construction in your neighborhood, not just how many just finished.
Sources
General information. This is neither investment advice nor legal advice, and it does not predict where rates will go.
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