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. Housing Starts in the United States averaged 1432.19 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.