Housing starts in the US unexpectedly fell by 1.6% mom to a seasonally adjusted annual rate of 1.555 million in September of 2021, compared to market forecasts of 1.62 million. It is the lowest reading in 5 months, as high costs for building materials, supply constraints and labor shortages weighed on the housing market. Single-family housing starts were at a rate of 1.080 million, virtually unchanged from August while the multi-family segment dropped 5.1% to 467,000. Sales declined in the Northeast (-27.3% to 120,000) and the South (-6.3% to 835,000) but rose in the Midwest (6.9% to 217,000) and the West (19.3% to 383,000). source: U.S. Census Bureau
Housing Starts in the United States averaged 1430.79 Thousand units from 1959 until 2021, 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. 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 October of 2021.
Housing Starts in the United States is expected to be 1470.00 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 1370.00 Thousand units in 2022 and 1270.00 Thousand units in 2023, according to our econometric models.