Quarterly Starts by Purpose and Design

Along with the monthly housing starts for October this week, the Census Bureau released Quarterly Starts by Purpose and Design through Q3 2020.

This graph shows the NSA quarterly intent for four start categories since 1975: single family built for sale, owner built (includes contractor built for owner), starts built for rent, and condos built for sale.

New Home Sales and Housing Starts by IntentClick on graph for larger image.

Single family starts built for sale (red) were up 23.3% in Q3 2020 compared to Q3 2019.

Owner built starts (orange) were down 7.1% year-over-year.

Condos built for sale decreased, and are still low.

The ‘units built for rent’ (blue) and were up 6.4% in Q3 2020 compared to Q3 2019.

The housing boom has been mostly in single family homes.

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