Providing Thoughtful Analysis on the Housing Market
Starts and completions use to track each other so closely. Then ~2008, this is no longer true. What happened?
Nothing to see here. Move along. ;)
Hi Louie, I have asked a few people in the development industry (FTR I am not in the development or RE industry) about the lag. It is most likely mostly due to more complicated builds. More recently labour and trades shortages, and delays in municipal inspections, will also contribute to the lag. The factors in the last sentence are inevitable when activity increases as it has in the past 2-3 years. I don't think there is a way around the constraint of relatively fixed labour pool except to have delays.
Louie: my theory is that there has just been more volatility in the starts numbers. I'm sure more complex construction plays into it too though. It looks to me that a spike in starts usually takes about 15 months to show up in the completions, and that's roughly true even if you look before 2008. The difference is that 2008 led to very rapid changes instead of sloping changes that allow completions time to "catch up".
This is very interesting blog. Take a look at my weblog: Best Real Estate Agent in Brampton
My Brothers and Sister all over the world, I am Mrs Boo Wheat from Canada ; i was in need of loan some month ago. i needed a loan to open my restaurant and bar, when one of my long time business partner introduce me to this good and trustful loan lender DR PURVA PIUS that help me out with a loan, and is interest rate is very low , thank God today. I am now a successful business woman, and I became useful. In the life of others, I now hold a restaurant and bar. And about 30 workers, thank GOD for my life I am leaving well today a happy father with three kids, thanks to you DR PURVA PIUS Now I can take care of my lovely family, i can now pay my bill. I am now the bread winner of my family. If you are look for a trustful and reliable loan leader. You can Email him via,mail (email@example.com) Please tell him Mrs Boo Wheat from Canada introduce you to him. THANKS
Post a Comment