US housing starts jumped 12.3 percent from a month earlier to a seasonally adjusted annual rate of 1,364 thousand units in August 2019, the highest level since June 2007 likely supported by lower mortgage rates. Single-family homebuilding increased 4.4 percent and starts for the volatile multi-family housing segment soared 32.8 percent. Housing Starts in the United States averaged 1429.77 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 1273.00 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.

United States Housing Starts
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Calendar GMT Actual Previous Consensus TEForecast
2019-08-16 12:30 PM Housing Starts MoM Jul -4% -1.8% -1.7% 1.5%
2019-08-16 12:30 PM Housing Starts Jul 1.191M 1.241M 1.257M 1.272M
2019-09-18 12:30 PM Housing Starts Aug 1.364M 1.215M 1.25M 1.251M
2019-09-18 12:30 PM Housing Starts MoM Aug 12.3% -1.5% 4.5% 5.1%
2019-10-17 12:30 PM Housing Starts Sep 1.364M 1.273M
2019-11-19 01:30 PM Housing Starts Oct
2019-12-17 01:30 PM Housing Starts Nov



US Housing Starts Climb to 12-Year High

US housing starts jumped 12.3 percent from a month earlier to a seasonally adjusted annual rate of 1,364 thousand units in August 2019, the highest level since June 2007 and compared to market expectations of 1,250 thousand. It is the highest number since June 2007 likely boosted by lower mortgage rates.

Starts for the volatile multi-family housing segment soared 32.8 percent to a rate of 445 thousand units in August; and single-family homebuilding, which accounts for the largest share of the housing market, rose 4.4 percent to a rate of 919 thousand units, the highest level since January. Increases in housing starts were recorded in the South (14.9 percent to 711 thousand), Northeast (30.5 percent to 124 thousand) and Midwest (15.4 percent to 210 thousand), while starts in the West were flat at 319 thousand. 

The 30-year fixed mortgage rate has dropped more than 130 basis points to an average of 3.56 percent, according to Freddie Mac. While the 30-Year Mortgage Rate backed by the Mortgage Bankers Association was recorded at 3.82 percent in the week ended September 6th, the lowest since October 2016.

Building permits climbed 7.7 percent to a rate of 1,419 thousand units in August, while markets had forecast a decline to 1,300 thousand. That was the highest level in permits since May 2007, boosted by a 13.3 percent jump in the volatile multi-family housing segment. In addition, single-family authorizations rose 4.5 percent to 866 thousand. Across regions, permits were higher in the South (11.0 percent to 748 thousand), Northeast (26.9 percent to 151 thousand) and Midwest (14.5 percent to 189 thousand), but declined in the West (-7.8 percent to 331 thousand).

Year-on-year, housing starts increased 6.6 percent while building permits advanced 12.0 percent.


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/18/2019 12:53:13 PM



United States Housing Last Previous Highest Lowest Unit
Building Permits 1419.00 1317.00 2419.00 513.00 Thousand [+]
Housing Starts 1364.00 1215.00 2494.00 478.00 Thousand units [+]
New Home Sales 635.00 728.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -0.30 1.60 30.90 -24.30 percent [+]
Existing Home Sales 5490.00 5420.00 7250.00 1370.00 Thousand [+]
Construction Spending 0.10 -0.70 5.90 -4.80 percent [+]
Housing Index 0.20 0.20 1.20 -1.80 percent [+]
Nahb Housing Market Index 68.00 67.00 78.00 8.00 [+]
Mortgage Rate 4.01 3.82 10.56 3.47 percent [+]
Mortgage Applications -0.10 2.00 49.10 -38.80 percent [+]
Case Shiller Home Price Index 217.65 216.92 217.65 100.00 Index Points [+]
Home Ownership Rate 64.10 64.20 69.20 62.90 percent [+]


United States Housing Starts

Housing Starts refer to the number of new residential construction projects that have begun during any particular month. Estimates of housing starts include units in structures being totally rebuilt on an existing foundation. . 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1364.00 1215.00 2494.00 478.00 1959 - 2019 Thousand units Monthly
Volume, SA




Country Last Previous
Canada 226.64 Aug/19
France 34200.00 Jul/19
Japan -4.10 Jul/19
Russia 5.80 Aug/19
Spain 0.54 Mar/19
Turkey 1733.00 Jun/19
United Kingdom 36630.00 Mar/19
United States 1364.00 Aug/19


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