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. Starts rebounded in the Midwest and the South but fell in the Northeast and the West. Housing Starts in the United States averaged 1432.44 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 1330.00 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 1215.69 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.