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⏲ Duration: 70 sec
✓ Published: 17-Mar-2023
✓ Published: 17-Mar-2023
Description:
This chart shows the number of single family residential (SFR) and multi-family construction starts each year in California.nnIn 2022, multi-family construction experienced a 4% increase from the prior year, with 55,200 new units started. Demand for multi-family rentals in the past decade has generally exceeded demand for new SFRs, with SFR starts declining 2% in 2022. nnWhile builders were beginning to cash in on legislative incentives and rising homebuyer demand, leaping mortgage rates and spi
This chart shows the number of single family residential (SFR) and multi-family construction starts each year in California.nnIn 2022, multi-family construction experienced a 4% increase from the prior year, with 55,200 new units started. Demand for multi-family rentals in the past decade has generally exceeded demand for new SFRs, with SFR starts declining 2% in 2022. nnWhile builders were beginning to cash in on legislative incentives and rising homebuyer demand, leaping mortgage rates and spi
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