Housing starts in the United States fell by 3.1% to 1.311 million in October 2024, compared to a downwardly revised 1.353 million in September and below forecasts of 1.33 million as construction activity fell sharply in the South due to hurricanes. Still, at the forefront of a broader trend, housing starts continue to face challenges amidst an increasing inventory of new homes for sale and mortgage rates nearing 7%. Starts of single-family homes plunged 6.9%, equivalent to an annualized rate of 0.97 million while starts for houses with five units or more were up by 9.8% to 0.326 million. Among regions, starts fell in the Northeast (-32.9% to 0.110 million) and the South (-8.8% to 0.666 million) but rose in the Midwest (9.4% to 0.197 million) and the West (21.1% to 0.338 million). source: U.S. Census Bureau

Housing Starts in the United States decreased to 1311 Thousand units in October from 1353 Thousand units in September of 2024. Housing Starts in the United States averaged 1432.27 Thousand units from 1959 until 2024, 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 November of 2024.

Housing Starts in the United States decreased to 1311 Thousand units in October from 1353 Thousand units in September of 2024. 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.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-18 12:30 PM
Housing Starts
Sep 1.354M 1.361M 1.35M 1.38M
2024-11-19 01:30 PM
Housing Starts
Oct 1.311M 1.353M 1.33M 1.35M
2024-12-18 01:30 PM
Housing Starts
Nov

Components Last Previous Unit Reference
Housing Starts Multi Family 326.00 297.00 Thousand units Oct 2024
Housing Starts Single Family 970.00 1042.00 Thousand units Oct 2024

Related Last Previous Unit Reference
Building Permits 1416.00 1425.00 Thousand Oct 2024
Building Permits MoM -0.60 -3.10 percent Oct 2024
Construction Spending MoM 0.10 0.10 percent Sep 2024
Home Ownership Rate 65.60 65.60 percent Jun 2024
Housing Starts 1311.00 1353.00 Thousand units Oct 2024
Housing Starts MoM -3.10 -1.90 percent Oct 2024
New Home Sales 738.00 709.00 Thousand units Sep 2024
New Home Sales MoM 4.10 -2.30 percent Sep 2024

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
1311.00 1353.00 2494.00 478.00 1959 - 2024 Thousand units Monthly
Volume, SA


News Stream
US Housing Starts at 3-Month Low
Housing starts in the United States fell by 3.1% to 1.311 million in October 2024, compared to a downwardly revised 1.353 million in September and below forecasts of 1.33 million as construction activity fell sharply in the South due to hurricanes. Still, at the forefront of a broader trend, housing starts continue to face challenges amidst an increasing inventory of new homes for sale and mortgage rates nearing 7%. Starts of single-family homes plunged 6.9%, equivalent to an annualized rate of 0.97 million while starts for houses with five units or more were up by 9.8% to 0.326 million. Among regions, starts fell in the Northeast (-32.9% to 0.110 million) and the South (-8.8% to 0.666 million) but rose in the Midwest (9.4% to 0.197 million) and the West (21.1% to 0.338 million).
2024-11-19
US Housing Starts Ease as Expected
Housing starts in the United States eased by 0.5% from the previous month to an annualized rate of 1.354 million units in September of 2024, in line with market expectations, trimming the downwardly revised 7.8% increase in August. Starts of houses with five units or more sank by 4.5% from the previous month, which totaled an annualized rate of 317 thousand, while starts of single-family homes rose by 2.7%, equivalent to an annualized rate of 1.027 million. Among different geographical regions, starts fell in the south (-3.4% to 738 thousand), the West (-10.1% to 257 thousand), and the Midwest (-9.1% to 179 thousand). On the other hand, housing starts rose sharply in the Northeast (57.9% to 180 thousand).
2024-10-18
US Housing Starts Rebound More than Expected
Housing starts in the United States soared by 9.6% from the previous month to an annualized rate of 1.356 million units in August of 2024, firmly above market expectations of 1.31 million units, rebounding from the near 7% plunge in the previous period to record the sharpest increase in six months. Starts of single-family homes rose by 15.8% to an annualized rate of 992 thousand units. These were enough to offset the 6.7% decrease in starts of homes with five or more units, which totaled 333 thousand. Among different areas of the country, starts rose sharply in the South (15.5% to 745 thousand), the Midwest (29.6% to 206 thousand), and the West (5.9% to 288 thousand). On the other hand, starts fell by 27.3% to 117 thousand in the Northeast.
2024-09-18