Housing starts in the US declined 0.2% mom to an annualized 1.724 million units in April of 2022, after a revised 2.8% drop in March and below market forecasts of 1.765 million. Single-family housing starts dropped 7.3% to 1,100,000 while the rate for units in buildings with five units or more jumped 16.8% to 612,000. Sales fell in the Northeast (-23.2%) and the Midwest (-22%) but rose in the South (10.6%) and the West (3.3%). The housing market is showing signs of cooling as inflation soars, mortgage rates are at 12-year highs, building material costs remain elevated, supply constraints persist and a general economic uncertainty weigh on consumers' affordability. source: U.S. Census Bureau
Housing Starts in the United States averaged 1433.35 Thousand units from 1959 until 2022, 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 May of 2022.
Housing Starts in the United States is expected to be 1700.00 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 1500.00 Thousand units in 2023 and 1470.00 Thousand units in 2024, according to our econometric models.