Housing starts in the US unexpectedly increased 2.2% month-over-month to a seasonally adjusted annualized rate of 1.401 million in April of 2023, compared to market forecasts of 1.4 million. Data for March was revised sharply lower to 1.37 million from 1.42 million, as high prices, interest rates, and tighter lending standards continue to weigh. Single-family housing starts, which account for the bulk of homebuilding, increased 1.6% to a four-month high of 846K and starts in buildings with five units or more surged by 5.2% to 542K. Starts rose in the West (34.6% to 315K) and the Midwest (32.6% to 171K) but fell in the Northeast (-23.4% to 131K) and the South (-6.3% to 784K). source: U.S. Census Bureau

Housing Starts in the United States averaged 1433.27 Thousand units from 1959 until 2023, reaching an all time high of 2494.00 Thousand units in January of 1972 and a record low of 478.00 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 June of 2023.

Housing Starts in the United States is expected to be 1400.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Housing Starts is projected to trend around 1470.00 Thousand units in 2024 and 1400.00 Thousand units in 2025, according to our econometric models.

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United States Housing Starts



Calendar GMT Actual Previous Consensus TEForecast
2023-04-18 12:30 PM Mar 1.42M 1.432M 1.4M 1.3M
2023-05-17 12:30 PM Apr 1.401M 1.371M 1.4M 1.39M
2023-06-20 12:30 PM May 1.401M 1.411M 1.384M


Related Last Previous Unit Reference
Building Permits 1417.00 1437.00 Thousand Apr 2023
Housing Starts 1401.00 1371.00 Thousand units Apr 2023
New Home Sales 683.00 656.00 Thousand units Apr 2023
Construction Spending 1.20 0.30 percent Apr 2023
Home Ownership Rate 66.00 65.90 percent Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
1401.00 1371.00 2494.00 478.00 1959 - 2023 Thousand units Monthly
Volume, SA

News Stream
US Housing Starts Unexpectedly Rise
Housing starts in the US unexpectedly increased 2.2% month-over-month to a seasonally adjusted annualized rate of 1.401 million in April of 2023, compared to market forecasts of 1.4 million. Data for March was revised sharply lower to 1.37 million from 1.42 million, as high prices, interest rates, and tighter lending standards continue to weigh. Single-family housing starts, which account for the bulk of homebuilding, increased 1.6% to a four-month high of 846K and starts in buildings with five units or more surged by 5.2% to 542K. Starts rose in the West (34.6% to 315K) and the Midwest (32.6% to 171K) but fell in the Northeast (-23.4% to 131K) and the South (-6.3% to 784K).
2023-05-17
US Housing Starts Slightly Higher than Expected
Housing starts in the US went down 0.8% month-over-month to a seasonally adjusted annualized rate of 1.42 million in March of 2023, following a downwardly revised 7.3% surge in February, but slightly beating market forecasts of 1.4 million. Starts in buildings with five units or more went down 6.7% to 542K while single-family housing starts, which account for the bulk of homebuilding, increased 2.7% to a three-month high of 861K. Starts fell in the Midwest (-23.6% to 133K) and the West (-28.1% to 258K) but soared in the Northeast (72.4% to 181K) and the South (6.8% to 848K).
2023-04-18
US Housing Starts Unexpectedly Surge to 5-Month High
Housing starts in the US surged 9.8% from a month earlier to a seasonally adjusted annualized rate of 1.45 million in February of 2023, the highest in five months, and way above market forecasts of 1.31 million, in a sign that some confidence may have returned to the housing market, although mortgage rates and inflation remain elevated. Single-family housing starts were up 1.1% to 830 thousand and starts for units in buildings with five units or more surged 24.1% to 608 thousand, the highest since April last year. Starts soared in the Midwest (70.3% to 201 thousand), the West (16.8% to 347 thousand), and the South (2.2% to 796 thousand) but fell in the Northeast (-16.5% to 106 thousand). Compared to February 2022 however, housing starts were 18.4% lower. In January, housing starts were revised higher to 1.321 million from an early estimate of 1.309 million, but remaining the lowest since June of 2020.
2023-03-16