US housing starts dropped 0.9 percent from a month earlier to a seasonally adjusted annual rate of 1,253 thousand units in June 2019, compared to market expectations of 1,261 thousand and following a revised 0.4 percent fall in May. Multi-family homebuilding plunged 9.2 percent while construction of single-family housing units increased 3.5 percent. Housing Starts in the United States averaged 1430.14 Thousand units from 1959 until 2019, 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.
Housing Starts in the United States is expected to be 1215.00 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 1240.00 in 12 months time. In the long-term, the United States Housing Starts is projected to trend around 1070.00 Thousand units in 2020, according to our econometric models.