Housing starts in the US declined 4.2% month-over-month to a seasonally adjusted annualized rate of 1.425 million in October of 2022, after falling by a downwardly revised 1.3% in September, and compared to market forecasts of 1.41 million. Single-family housing starts dropped 6.1% to a rate of 855 thousand while the rate for units in buildings with five units or more decreased 0.5% to 556 thousand. Starts were down in the Northeast (-34.7% to 96 thousand), the Midwest (-11.1% to 185 thousand); and the West (-10.6% to 336 thousand) while starts went up in the South (6.7% to 808 thousand). Compared to October 2021, housing starts fell 8.8%. The US housing market has been hit by soaring prices of materials and rising mortgage rates, which recently reached their highest level since 2001. source: U.S. Census Bureau

Housing Starts in the United States averaged 1433.87 Thousand units from 1959 until 2022, 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 December of 2022.

Housing Starts in the United States is expected to be 1370.00 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 1500.00 Thousand units in 2023 and 1470.00 Thousand units in 2024, according to our econometric models.

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United States Housing Starts



Calendar GMT Actual Previous Consensus TEForecast
2022-10-19 12:30 PM Sep 1.439M 1.566M 1.475M 1.465M
2022-11-17 01:30 PM Oct 1.425M 1.488M 1.41M 1.40M
2022-12-20 01:30 PM Nov 1.425M


Related Last Previous Unit Reference
Building Permits 1512.00 1564.00 Thousand Oct 2022
Housing Starts 1425.00 1488.00 Thousand units Oct 2022
New Home Sales 632.00 588.00 Thousand units Oct 2022
Construction Spending -0.30 0.10 percent Oct 2022
Home Ownership Rate 66.00 65.80 percent Sep 2022

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
1425.00 1488.00 2494.00 478.00 1959 - 2022 Thousand units Monthly
Volume, SA

News Stream
US Housing Starts Fall Less than Expected
Housing starts in the US declined 4.2% month-over-month to a seasonally adjusted annualized rate of 1.425 million in October of 2022, after falling by a downwardly revised 1.3% in September, and compared to market forecasts of 1.41 million. Single-family housing starts dropped 6.1% to a rate of 855 thousand while the rate for units in buildings with five units or more decreased 0.5% to 556 thousand. Starts were down in the Northeast (-34.7% to 96 thousand), the Midwest (-11.1% to 185 thousand); and the West (-10.6% to 336 thousand) while starts went up in the South (6.7% to 808 thousand). Compared to October 2021, housing starts fell 8.8%. The US housing market has been hit by soaring prices of materials and rising mortgage rates, which recently reached their highest level since 2001.
2022-11-17
US Housing Starts Fall More than Forecast
Housing starts in the US slumped 8.1 percent to an annualized rate of 1.439 million in September 2022, down from a revised 1.566 million in the previous month and well below market consensus of 1.475 million. The US housing market has been hit by soaring prices of materials and rising mortgage rates, which recently reached their highest level since 2002. Single-family housing starts dropped 4.7 percent to a rate of 892 thousand, the lowest level since May 2020, while the rate for units in buildings with five units or more decreased 13.1 percent to 530 thousand. Starts were down in the South (-13.7 percent to 738 thousand), the Northeast (-12.5 percent to 147 thousand) and the Midwest (-2.7 percent to 182 thousand), but were up in the West (4.5 percent to 372 thousand).
2022-10-19
US Housing Starts Unexpectedly Surge
Housing starts in the US unexpectedly jumped 12.2% month-over-month to an annualized rate of 1.575 million units in August of 2022, beating market expectations of 1.445 million. It is the biggest increase since March last year, although figures for the previous months were revised lower to showed starts fell at a faster 10.9% in July. Despite the recovery in August, the housing sector continues to face pressure from soaring prices of materials and rising mortgage rates. Single-family housing starts were up 3.4% to 935 thousand and starts for units in buildings with five units or more surged 28.6% to 621 thousand. Starts were higher in the Midwest (19.3% to 167 thousand), the South (24.5% to 885 thousand), and in the West (1.1% to 361 thousand) but fell in the Northeast (-17.3% to 162 thousand).
2022-09-20