Between July 1st and July 31st, we tracked a total of 19 feature specs out. This is a decline from the specs out the previous month, but it was to be expected with many taking long-awaited vacations, coupled with the bottlenecking we’re seeing in the development chain. However, it’s not the drop-off we anticipated and is still on par with the past month’s numbers.
Between May 1st and May 31st, we tracked a total of 19 feature specs out. We’ve seen a progressively steady decline of specs hitting the market since re-openings have started to rise. May marks the second lost number out, next to January. The more shocking number is that of the 19 feature specs out, only 2 have some type of attachment, with one additional spec from a past month selling in May.
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