English · 경제 ·
Unsold housing piles up as construction starts fall…Will home price trends change?
AI 3-line summary
- According to the Ministry of Land, Infrastructure and Transport's May housing statistics, construction starts nationwide fell to 15,211 units, down 39.3% from the previous month, and sales dropped 44.1%.
- At the end of May, nationwide unsold housing stood at 66,678 units, down 1.6% from the previous month, while unsold housing after completion rose 2.2% to 27,013 units.
- Analysts say the decline in construction starts could lead to fewer move-ins in two to three years, potentially widening the supply-demand imbalance.
Summary written by AI from the original article · 88 languages
Read the full article (machine translation) → Original article (Korean): 줄어든 착공에 쌓이는 미분양…집값 흐름 바뀌나?
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