Wednesday, May 28, 2014

Sharp Decline in New Housing ‘Built For Sale’

Calculated Risk blog has a piece on “quarterly housing starts by intent,” which — as usual with CR — is fairly interesting to read. It’s based on a report from the Census Bureau. Here’s one thing CR had to say:

The quarterly report released last week showed there were 103,000 single family starts, built for sale, in Q1 2014, and that was below the 107,000 new homes sold for the same quarter, so inventory decreased slightly in Q1 (Using Not Seasonally Adjusted data for both starts and sales).
But of far more interest for those of us who are involved in the construction industry — and have been for a while now, say — is this graphic:
StartsNewHomeQ12014

Source: http://electricalcontractor.com/?p=14149

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