Housing starts in the United States jumped 18.6 percent from a month earlier to an annualized rate of 1,230 thousand in January 2019, recovering from an upwardly revised 14 percent fall in December and beating market expectations of a 9.9 percent gain. Starts increased in the Northeast, the South and the West while dropped in the Midwest. Housing Starts in the United States averaged 1431.68 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.

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. Looking forward, we estimate Housing Starts in the United States to stand at 1210.00 in 12 months time. In the long-term, the United States Housing Starts is projected to trend around 1280.00 Thousand units in 2020, according to our econometric models.

United States Housing Starts
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-20 01:30 PM Housing Starts 1.228M 1.21M 1.23M 1.22M
2018-12-18 01:30 PM Housing Starts 1.256M 1.217M 1.225M 1.22M
2019-02-26 01:30 PM Housing Starts 1.078M 1.214M 1.25M 1.230M
2019-03-08 01:30 PM Housing Starts 1.23M 1.037M 1.197M 1.15M
2019-03-26 12:30 PM Housing Starts 1.23M 1.28M 1.15M
2019-04-19 12:30 PM Housing Starts 1.300M
2019-05-16 12:30 PM Housing Starts



US Housing Starts Rebound in January

Housing starts in the United States jumped 18.6 percent from a month earlier to an annualized rate of 1,230 thousand in January 2019, recovering from an upwardly revised 14 percent fall in December and beating market expectations of a 9.9 percent gain. Starts increased in the Northeast, the South and the West while dropped in the Midwest.

Starts for the volatile multi-family housing segment increased 2.4 percent to 304 thousand and single-family homebuilding, which accounts for the largest share of the housing market, went up 25.1 percent to a rate of 926 thousand units, the highest level since May. Starts advanced in the Northeast (58.5 percent to 149 thousand), South (13.8 percent to 700 thousand), and the West (29.3 percent to 265 thousand) while in the Midwest declined (-5.7 percent to 116 thousand). Starts for December were revised to 1,037 thousand from 1,078 thousand.

Building permits increased 1.4 percent month-over-month to a seasonally adjusted annual rate of 1,345 thousand in January of 2019, the highest level since April while markets were expecting a 2.9 percent drop to 1,289 thousand. Permits for the volatile multi-family housing segment rose 7.2 percent to 553 thousand while single-family authorisations declined 2.1 percent to 812 thousand. Across regions, building permits increased in the Northeast (26.4 percent to 139 thousand) and the Midwest (33.1 percent to 193 thousand), but fell in the South (-3.5 percent to 664 thousand) and the West (-8.9 percent to 349 thousand).

Year-on-year, housing starts fell 7.8 percent and building permits decreased 1.5 percent.


US Census Bureau | Stefanie Moya | stefanie.moya@tradingeconomics.com
3/8/2019 2:15:50 PM


News

US Housing Starts Lowest since 2016
Housing starts in the United States slumped 11.2 percent from a month earlier to an annualized rate of 1,078 thousand in December of 2018, compared to market forecasts of a 0.5 percent drop. It is the lowest reading since September of 2016. Considering full 2018, housing starts rose a non-seasonally adjusted 3.6 percent to 1246.6 thousand.
Published on 2019-02-26

US Housing Starts Beat Forecasts
Housing starts in the United States jumped 3.2 percent from a month earlier to an annualized rate of 1,256 thousand in November of 2018, beating market forecasts of a 0.2 percent drop. Starts went up in the Northeast and the South but slumped in the Midwest and the West. The multi-family segment soared while single-family homebuilding reached the lowest level since May 2017.
Published on 2018-12-18

US Housing Starts Rise Slightly Less than Expected
Housing starts in the US increased 1.5 percent from a month earlier to an annualized rate of 1,228 thousand in October of 2018, following an upwardly revised 5.5 percent drop in September and compared with market expectations of a 1.6 percent rise. The multi-family segment led the rise while construction of single-family houses declined for a second month. Starts rebounded in the South after being hurt by Hurricane Florence in September but fell in the Northeast and the West.
Published on 2018-11-20

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.
Published on 2018-10-17



United States Housing Last Previous Highest Lowest Unit
Building Permits 1345.00 1326.00 2419.00 513.00 Thousand [+]
Housing Starts 1230.00 1037.00 2494.00 478.00 Thousand units [+]
New Home Sales 607.00 652.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -2.30 -9.90 30.90 -24.30 percent [+]
Existing Home Sales 4940.00 5000.00 7250.00 1370.00 Thousand [+]
Construction Spending 1.30 -0.80 5.90 -4.80 percent [+]
Housing Index 0.30 0.40 1.20 -1.70 percent [+]
Nahb Housing Market Index 62.00 62.00 78.00 8.00 [+]
Mortgage Rate 4.64 4.67 10.56 3.47 percent [+]
Mortgage Applications 2.30 -2.50 49.10 -38.80 percent [+]
Case Shiller Home Price Index 212.96 213.45 213.85 100.00 Index Points [+]
Home Ownership Rate 64.80 64.40 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1230.00 1037.00 2494.00 478.00 1959 - 2019 Thousand units Monthly
Volume, SA




Country Last Previous
Canada 173.10 Feb/19
France 29700.00 Jan/19
Japan 1.10 Jan/19
Russia 4.20 Jan/19
Spain 0.86 Dec/18
Turkey 8334.00 Dec/18
United Kingdom 46930.00 Sep/18
United States 1230.00 Jan/19


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