Housing starts in the US dropped 0.9 percent from a month earlier to a seasonally adjusted annual rate of 1,269 thousand units in May 2019, compared to market expectations of 1,239 thousand and following an upwardly revised 6.8 percent advance in April. Construction of single-family housing units led the decline. Housing Starts in the United States averaged 1430.39 Thousand units from 1959 until 2019, 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 1218.00 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 1150.00 in 12 months time. In the long-term, the United States Housing Starts is projected to trend around 1070.00 Thousand units in 2020, according to our econometric models.

United States Housing Starts
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-26 12:30 PM Housing Starts 1.162M 1.273M 1.213M 1.15M
2019-04-19 12:30 PM Housing Starts 1.139M 1.142M 1.23M 1.300M
2019-05-16 12:30 PM Housing Starts 1.235M 1.168M 1.205M 1.197M
2019-06-18 12:30 PM Housing Starts 1.269M 1.281M 1.239M 1.205M
2019-07-17 12:30 PM Housing Starts 1.269M 1.218M
2019-08-16 12:30 PM Housing Starts
2019-09-18 12:30 PM Housing Starts



US Housing Starts Fall in May

Housing starts in the US dropped 0.9 percent from a month earlier to a seasonally adjusted annual rate of 1,269 thousand units in May 2019, compared to market expectations of 1,239 thousand and following an upwardly revised 6.8 percent advance in April.

Single-family homebuilding, which accounts for the largest share of the housing market, slumped 6.4 percent to a rate of 820 thousand units in May, while starts for the volatile multi-family housing segment advanced 10.9 percent to a rate of 449 thousand units. Declines in housing starts were recorded in the Northeast (-45.5 percent to 73 thousand), Midwest (-8.0 percent to 160 thousand) and West (-2.4 percent to 332 thousand), while an increase was seen in the South (11.2 percent to 704 thousand). Starts for April were revised to 1,281 thousand from 1,235 thousand.

Building permits were up 0.3 percent to a rate of 1,294 thousand units in May, while markets had expected them to be unchanged. Single-family authorizations rose 3.7 percent to 815 thousand, while permits for the volatile multi-family housing segment dropped 5.0 percent to 479 thousand. Across regions, permits were higher in the South (6.8 percent to 693 thousand) and West (1.8 percent to 335 thousand), but fell in the Northeast (-24.6 percent to 92 thousand) and Midwest (-8.4 percent to 174 thousand).

Year-on-year, housing starts slumped 4.7 percent and building permits decreased 0.5 percent.


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/18/2019 12:42:46 PM


News

US Housing Starts Rise Above Forecast
Housing starts in the US rose 5.7 percent from a month earlier to a seasonally adjusted annual rate of 1,235 thousand units in April 2019, more than an expected 1,205 thousand and following a revised 1.7 percent advance in March.
Published on 2019-05-16

US Housing Starts Fall to Near 2-Year Low in March
Housing starts in the US fell 0.3 percent from a month earlier to a seasonally adjusted annual rate of 1,139 thousand units in March 2019, following an upwardly revised 12 percent decline in February and compared with market expectations of a 6.5 percent gain. It was the biggest decline in near two years, pulled down by persistent weakness in the single-family housing segment.
Published on 2019-04-19

US Housing Starts Fall Led by Single-Family Homes
Housing starts in the US fell 8.7 percent from a month earlier to a seasonally adjusted annual rate of 1,162 thousand units in February 2019, following a downwardly revised 11.7 percent surge in January. It was the largest decline in housing starts since last June.
Published on 2019-03-26

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.
Published on 2019-03-08



United States Housing Last Previous Highest Lowest Unit
Building Permits 1294.00 1290.00 2419.00 513.00 Thousand [+]
Housing Starts 1269.00 1281.00 2494.00 478.00 Thousand units [+]
New Home Sales 626.00 679.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -2.00 -1.10 30.90 -24.30 percent [+]
Existing Home Sales 5340.00 5210.00 7250.00 1370.00 Thousand [+]
Construction Spending 0.00 0.10 5.90 -4.80 percent [+]
Housing Index 0.40 0.10 1.20 -1.70 percent [+]
Nahb Housing Market Index 64.00 66.00 78.00 8.00 [+]
Mortgage Rate 4.06 4.14 10.56 3.47 percent [+]
Mortgage Applications 1.30 -3.40 49.10 -38.80 percent [+]
Case Shiller Home Price Index 215.68 214.09 215.68 100.00 Index Points [+]
Home Ownership Rate 64.20 64.80 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1269.00 1281.00 2494.00 478.00 1959 - 2019 Thousand units Monthly
Volume, SA




Country Last Previous
Canada 202.34 May/19
France 30200.00 Apr/19
Japan -5.70 Apr/19
Russia 4.60 May/19
Spain 0.54 Mar/19
Turkey 4365.00 Mar/19
United Kingdom 35660.00 Dec/18
United States 1269.00 May/19


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