Housing Completions
When supply actually hits the market. Lags starts by ~6–12 months.
- source
- FRED
- frequency
- monthly
- units
- thousands
- s.a.
- yes
Note: SAAR.
Completions hit 1.192M units annualized in September, down 14% from a year ago — the supply pipeline is actually shrinking now, not just slowing. The last six months have averaged 1.32M, which is well below the 1.45M peak in April; the trajectory reads like the early-stage normalization you'd expect after a multi-year overbuilt run, but the pace is now undershooting what population growth and replacement demand actually need. For investors, this is the inflection that matters more than the housing-starts number — starts were the leading signal six months back, completions are the real inventory hitting the market today, and 14% fewer units landing means whoever's holding the best stock keeps the leverage longer than expected.
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Housing Completions — When supply actually hits the market. Lags starts by ~6–12 months.
Freq: monthly · Source: FRED
"""
from fredapi import Fred
fred = Fred(api_key="YOUR_FRED_API_KEY")
series = fred.get_series("COMPUTSA")
print(series.tail())You are analyzing FRED series COMPUTSA — New Privately-Owned Housing Units Completed - Total Units. Context: When supply actually hits the market. Lags starts by ~6–12 months. Attributes - Units: thousands - Frequency: monthly - Source: FRED Latest observation: 1,192k as of 2026-09-01 Year-over-year change: -14.00% Analyze this metric for a tech-forward real estate investor with 1–3 properties. What is it signaling right now? What should I watch next?