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I'm not following what your point is. If I'm reading the first table in [1] correctly, 20+ unit condo (and maybe apartment?) complex new construction starts ha
by mdorazio 8y ago
I'm not following what your point is. If I'm reading the first table in [1] correctly, 20+ unit condo (and maybe apartment?) complex new construction starts have been declining annually while single-family home construction has been increasing. This seems to support the parent comment's argument that growth indicators are out of alignment with what markets actually need.
[1] https://www.census.gov/construction/nrc/pdf/quarterly_starts_completions.pdf https://www.census.gov/construction/nrc/pdf/quarterly_starts...
- rootusrootus 8y agoI was replying to the assertion that it's not comparable to look at permits as an accurate measurement of new construction since a building in the city holds many families, versus one family per building in the 'burbs. In reality it's pretty straightforward to use certificates of occupancy as a measurement because it [nearly always] measures housing units instead of clusters of housing units. Apartments (not condos) are sometimes an exception.
- mdorazio 8y agoAh, I see. Thanks for clarifying. In that case I agree.