Anonymous ID: e56cc3 Jan. 17, 2025, 8:11 a.m. No.22369153   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>9330 >>9451

Under Biden, Home Prices Rose 38.3% While US Population Rose 3.3% (Housing Starts 5+ Unit Multifamily Surged The Most Since 2016)

 

I remember giving a speech to Federal regulators in Washington DC and discussing the rise of housing rentership in the US. I said the US is veering towards a renter nation.

 

Todayโ€™s housing starts report revealed the biggest MoM jump in multi-family starts since 2016, and the highest SAAR for โ€˜renter nationโ€™ since Dec 2023.

 

On a year-over-year basis, 5+ unit (multifamily) starts are are up while 1-unit housing starts are negative.

 

https://confoundedinterest.net/2025/01/17/shocker-under-biden-home-prices-rose-38-3-while-us-population-rose-3-3-housing-starts-5-unit-multifamily-surged-the-most-since-2016/