Housing starts in the US increased 4.3 percent to an annualized rate of 974 thousand in May of 2020, below market forecasts of 1,095 thousand and only slightly higher than an upwardly revised 934 thousand in April. It is the second-lowest level since 2015, suggesting the housing market recovery will be slower than expected. Starts for the volatile multi-family segment jumped 16.9% to 291 thousand while single-family housing which is the largest share of the housing market, edged up 0.1% to 675 thousand. Rises were seen in all regions: the Northeast (82 percent to 111 thousand), the Midwest (18.4 percent to 167 thousand), the West (12.3 percent to 283 thousand) and the South (7.7 percent to 659 thousand). Year-on-year, housing starts sank 8.8%.
Housing Starts in the United States averaged 1428.42 Thousand units from 1959 until 2020, reaching an all time high of 2494 Thousand units in January of 1972 and a record low of 478 Thousand units in April of 2009. This page provides the latest reported value for - United States Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Housing Starts - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Housing Starts in the United States is expected to be 1240.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Starts in the United States to stand at 1200.00 in 12 months time. In the long-term, the United States Housing Starts is projected to trend around 1170.00 Thousand units in 2021 and 1270.00 Thousand units in 2022, according to our econometric models.