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Most Housing Units Under Construction Since 1974

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by Calculated Risk on 10/19/2021 11:46:00 AM

Today, in the Newsletter: Most Housing Units Under Construction Since 1974

Excerpt:

Census will release data next year on the length of time from start to completion, and that will probably show long delays in 2021. In 2020, it took an average of 6.8 months from start to completion for single family homes, and 15.4 months for buildings with 2 or more units.

Combined, there are 1.426 million units under construction. This is the most since 1974.

Housing Starts Decreased to 1.555 Million Annual Rate in September

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