http://firsttuesdayjournal.com/ca-single-and-multi-family-housing-starts/ Wed, 08 Feb 2012 04:44:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://firsttuesdayjournal.com/ca-single-and-multi-family-housing-starts/comment-page-1/#comment-105739 David K. Beno Wed, 18 Jan 2012 22:30:15 +0000 http://blog.firsttuesdayjournal.com/?p=1070#comment-105739 If there are 1,100,000 vacant units today and population is growing by 427,000 per year then there could be a housing crises in four to five years. Why? Because we need about 130,000 dwelling units for population growth and maybe 30,000 units lost due to age and other factors each year. We are produceing less than 60,000 per year now. At best there are probably over 500,000 vacant dwelling units at any one time due to people moving, renovations, etc. This means that once the surplus vacant units are used up there will be demand for at least 100,000 dwelling units per year more than are being produced today. If there are 1,100,000 vacant units today and population is growing by 427,000 per year then there could be a housing crises in four to five years. Why? Because we need about 130,000 dwelling units for population growth and maybe 30,000 units lost due to age and other factors each year. We are produceing less than 60,000 per year now. At best there are probably over 500,000 vacant dwelling units at any one time due to people moving, renovations, etc. This means that once the surplus vacant units are used up there will be demand for at least 100,000 dwelling units per year more than are being produced today.

]]> http://firsttuesdayjournal.com/ca-single-and-multi-family-housing-starts/comment-page-1/#comment-57639 carlye cordner Wed, 27 Jan 2010 16:28:00 +0000 http://blog.firsttuesdayjournal.com/?p=1070#comment-57639 No forecast for 2010? Why forecast SFR starts for 2009 in an article dated 1/6/2010 - isn't this historical information? <em><strong>This comment refers to an old or outdated version of this Market Chart. Please keep in mind that all Housing Start data is posted with a one-month reporting lag (thus, the information posted at the beginning of January 2010 only extended to the end of November, 2009). No forecast for 2010? Why forecast SFR starts for 2009 in an article dated 1/6/2010 – isn’t this historical information?
This comment refers to an old or outdated version of this Market Chart. Please keep in mind that all Housing Start data is posted with a one-month reporting lag (thus, the information posted at the beginning of January 2010 only extended to the end of November, 2009).

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