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. source: U.S. Census Bureau

Housing Starts in the United States averaged 1433.59 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 March of 2023.

Housing Starts in the United States is expected to be 1300.00 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
2023-02-16 01:30 PM Jan 1.309M 1.371M 1.36M 1.37M
2023-03-16 12:30 PM Feb 1.45M 1.321M 1.31M 1.31M
2023-04-18 12:30 PM Mar 1.45M 1.3M


Related Last Previous Unit Reference
Building Permits 1550.00 1339.00 Thousand Feb 2023
Housing Starts 1450.00 1321.00 Thousand units Feb 2023
New Home Sales 640.00 633.00 Thousand units Feb 2023
Construction Spending -0.10 -0.70 percent Jan 2023
Home Ownership Rate 65.90 66.00 percent Dec 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
1450.00 1321.00 2494.00 478.00 1959 - 2023 Thousand units Monthly
Volume, SA

News Stream
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
US Housing Starts Fall to 31-Month Low
Housing starts in the United States fell by 4.5 percent from a month earlier to a seasonally adjusted annualized rate of 1.309 million in January of 2023, the lowest since June 2020 and well below market expectations of 1.36 million. Single-family housing starts were down 4.3% to 841 thousand and starts for units in buildings with five units or more decreased by 5.4% to 457 thousand. Starts declined in the Northeast (-42.2% to 119 thousand) and in the Midwest (-25.9% to 123 thousand) but rose in the South (7.3% to 760 thousand) and in the West (5.5% to 307 thousand).
2023-02-16
US Housing Starts Fall Less than Expected
Housing starts in the US dropped 1.4% to a seasonally adjusted annualized rate of 1.382 million in December of 2022, the lowest level in five months, but above market forecasts of 1.359 million. Starts for units in buildings with five units or more sank 18.9% to 463 thousand while those for single-family ones jumped 11.3% to 090 thousand. Starts were lower in the Midwest (-37.4%), the West (-9.5%) and the South (-4%) but jumped 135.6% in the Northeast. December marks a fourth consecutive month of falling housing starts, pushing the 2022 drop to 3%, the first decline since 2009, as rising mortgage rates and inflation weighed on affordability.
2023-01-19