Housing starts in the US dropped 5.3 percent from a month earlier to an annualized rate of 1,201 thousand in September of 2018, following a 7.1 percent gain in August and compared with market expectations of a 4.5 percent fall. Starts in the South declined the most since October 2015 mainly due to Hurricane Florence, which hit North and South Carolina in September. Housing Starts in the United States averaged 1432.71 Thousand units from 1959 until 2018, 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.

United States Housing Starts
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US Housing Starts Fall More than Expected


Housing starts in the US dropped 5.3 percent from a month earlier to an annualized rate of 1,201 thousand in September of 2018, following a 7.1 percent gain in August and compared with market expectations of a 4.5 percent fall. Starts in the South declined the most since October 2015 mainly due to Hurricane Florence, which hit North and South Carolina in September.

Single-family homebuilding, which accounts for the largest share of the housing market, went down 0.9 percent to a rate of 871 thousand units in September; and starts for the volatile multi-family housing segment decreased 12.9 percent to a rate of 324 thousand. Starts dropped in the South (-13.7 percent to 567 thousand) and the Midwest (-14.0 percent to 160 thousand). Meanwhile, gains were seen in the Northeast (29.0 percent to 120 thousand) and the West (6.6 percent to 354 thousand). Starts for August were revised to 1,268 thousand from 1,282 thousand.

Building permits dropped 0.6 percent from the previous month to a seasonally adjusted annual rate of 1,241 thousand, while markets were expecting a 2.1 percent rise to 1,278 thousand. Permits were at the lowest level since May 2017, as multi-family permits decreased 9.3 percent to 390 thousand while single-family authorizations rose 2.9 percent to 851 thousand. Across regions, permits fell in the Midwest (-18.9 percent to 154 thousand) and Northeast (-9.8 percent to 92 thousand) but went up in West (11.1 percent to 341 thousand) and South (0.6 percent to 654 thousand).

Year-on-year, housing starts increased 3.7 percent while building permits went down 1.0 percent.


US Census Bureau | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/17/2018 2:03:03 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-16 12:30 PM Housing Starts 1.168M 1.158M 1.26M 1.2M
2018-09-19 12:30 PM Housing Starts 1.282M 1.174M 1.235M 1.171M
2018-10-17 12:30 PM Housing Starts 1.201M 1.268M 1.22M 1.25M
2018-11-20 01:30 PM Housing Starts 1.201M 1.235M
2018-12-18 01:30 PM Housing Starts


United States Housing Last Previous Highest Lowest Unit
Building Permits 1241.00 1249.00 2419.00 513.00 Thousand [+]
Housing Starts 1201.00 1268.00 2494.00 478.00 Thousand units [+]
New Home Sales 553.00 585.00 1389.00 270.00 Thousand [+]
Pending Home Sales -1.00 -2.40 30.90 -24.30 percent [+]
Existing Home Sales 5150.00 5330.00 7250.00 1370.00 Thousand [+]
Construction Spending 0.00 0.80 5.90 -4.80 percent [+]
Housing Index 0.30 0.40 1.20 -1.80 percent [+]
Nahb Housing Market Index 68.00 67.00 78.00 8.00 [+]
Mortgage Rate 5.17 5.15 10.56 3.47 percent [+]
Mortgage Applications -3.20 -4.00 49.10 -38.80 percent [+]
Case Shiller Home Price Index 213.72 213.77 213.77 100.00 Index Points [+]
Home Ownership Rate 64.40 64.30 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1201.00 1268.00 2494.00 478.00 1959 - 2018 Thousand units Monthly
Volume, SA




Country Last
Canada 205.93 Oct/18
France 34400.00 Sep/18
Japan -1.50 Sep/18
Russia 6.30 Sep/18
Spain 1.37 Jun/18
Turkey 8723.00 Jun/18
United Kingdom 41190.00 Jun/18
United States 1201.00 Sep/18


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