Our latest Housing Supply Report is now available! This report provides insights on housing supply trends in the first half of 2023 in the country’s 6 largest markets.
Key findings include:
- Apartment starts grew over 15% from last year, while single-detached housing starts declined by 25%.
- Overall, apartment starts accounted for nearly 3/4 of all housing construction in the first half of 2023.
- The decrease in starts of single- and semi-detached homes reflects declining demand for this typically more expensive housing type in a period of elevated interest rates.