Short squeeze in Real Estate?
- Thread starter jem
- Start date
60 m houses needed you say by 2030?
Do you know how many privately owned construction units were completed in 2004?
20,000,000 (in 2004 alone).
At the rate we're going by 2030 we'll have 500,000,000.
Do you know how many privately owned construction units were completed in 2004?
20,000,000 (in 2004 alone).
At the rate we're going by 2030 we'll have 500,000,000.
Take a look at Table 5 entitiled New Privately Owned Housing Units Completed. Add all the number of units built each month and you will have the amount. The document is a public document that comes out with the Housing starts and Building Permits from the US Census Beareau and Department of Housing and Urban Development. You can download the pdf format from yahoo - finance.
Note: I am just sharing what I have read as I understood. Do not make a decision based on my view.
Note: I am just sharing what I have read as I understood. Do not make a decision based on my view.
http://www.census.gov/indicator/www/newresconst.pdf
NEW RESIDENTIAL CONSTRUCTION IN APRIL 2005
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new
residential construction statistics for April 2005:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of
2,129,000. This is 5.3 percent (±0.9%) above the revised March rate of 2,021,000 and is 2.9 percent (±1.1%) above the
revised April 2004 estimate of 2,069,000.
Single-family authorizations in April were at a rate of 1,634,000; this is 5.3 percent (±0.9%) above the revised March figure
of 1,552,000. Authorizations of units in buildings with five units or more were at a rate of 410,000 in April.
HOUSING STARTS
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 2, 038,000. This is 11.0 percent (±9.7%)
above the revised March estimate of 1,836,000 and is 3.6 percent (±7.2%)* above the revised April 2004 rate of 1,968,000.
Single-family housing starts in April 2005 were at a rate of 1,635,000; this is 6.3 percent (±8.9%)* above the revised March
figure of 1,538,000. The April rate for units in buildings with five units or more was 351,000.
HOUSING COMPLETIONS
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 1,890,000. This is 7.0 percent
(±9.3%)* above the revised March estimate of 1,766,000, but is 3.4 percent (±6.9%)* below the revised April 2004 rate of
1,956,000.
Single-family housing completions in April 2005 were at a rate of 1,606,000; this is 7.6 percent (±9.7%)* above
NEW RESIDENTIAL CONSTRUCTION IN APRIL 2005
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new
residential construction statistics for April 2005:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of
2,129,000. This is 5.3 percent (±0.9%) above the revised March rate of 2,021,000 and is 2.9 percent (±1.1%) above the
revised April 2004 estimate of 2,069,000.
Single-family authorizations in April were at a rate of 1,634,000; this is 5.3 percent (±0.9%) above the revised March figure
of 1,552,000. Authorizations of units in buildings with five units or more were at a rate of 410,000 in April.
HOUSING STARTS
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 2, 038,000. This is 11.0 percent (±9.7%)
above the revised March estimate of 1,836,000 and is 3.6 percent (±7.2%)* above the revised April 2004 rate of 1,968,000.
Single-family housing starts in April 2005 were at a rate of 1,635,000; this is 6.3 percent (±8.9%)* above the revised March
figure of 1,538,000. The April rate for units in buildings with five units or more was 351,000.
HOUSING COMPLETIONS
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 1,890,000. This is 7.0 percent
(±9.3%)* above the revised March estimate of 1,766,000, but is 3.4 percent (±6.9%)* below the revised April 2004 rate of
1,956,000.
Single-family housing completions in April 2005 were at a rate of 1,606,000; this is 7.6 percent (±9.7%)* above
Jem I think you are right the supply was more like 1.84 m for 2004. I added the units built each month and I don't think that should be the done - since these were seasonally adjusted annual rate.