Last year, private housing starts were the second lowest on record, with 235,171 units, significantly below the 10-year average of 397,044 units. The number of private housing starts has been gradually decreasing over the past decade. The decrease in housing starts indicates a potential shortage in the housing market, as private sales make up the majority of the total housing supply. This year, the supply of private apartments is expected to decrease further, exacerbating the housing shortage.
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Auto-posted at: 2025-03-16 09:00:32