Housing starts in the US soared 19.4 percent month-over-month to an annualized rate of 1.739 million in March of 2021. It is the highest reading since June of 2006, easily beating market expectations of 1.613 million, after harsh winter weather dented activity in February. Single-family housing starts jumped 15.3 percent to 1.238 million and the rate for units in buildings with five units or more increased 30 percent to 477,000. Strong gains were reported in the Northeast (64 percent), Midwest (122.8 percent) and the South (13.5 percent) but starts in the West were down 13.6 percent. The housing market has been supported by low interest rates and increasing demand from people moving away from big cities due to the coronavirus crisis, but the momentum could slow as rising lumber prices amid supply constraints could limit production and ease a shortage of homes. source: U.S. Census Bureau
Housing Starts in the United States averaged 1429.58 Thousand units from 1959 until 2021, 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 2021.
Housing Starts in the United States is expected to be 1410.00 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 1300.00 in 12 months time. In the long-term, the United States Housing Starts is projected to trend around 1270.00 Thousand units in 2022, according to our econometric models.