/biz/ - Business & Finance

Anonymous Tue Sep 13 21:47:56 2022 No.51418885 [View]
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>>51418722
inb4 "BUT IF THEY ALREADY STARTED THEY WILL FINISH CUZ MUH"
Just hold the fuck up a second, Einstein.

A "housing start" begins when a zoning permit is issued. No ground broken. No foundations layed. No frames built. A fucking piece of paper (probably electronic nowadays) with a signature on it giving a builder permission to *start* building. A builder can have years of housing inventory planned to be built, and decide on a whim if market conditions worsen (as they have) to revoke the permit. Housing starts are not a reliable indicator of the actual deliverable housing supply. Financial conditions tighten, prospective buyers dry up, housing starts get revoked. simple as

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/biz/ - Business & Finance

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