Housing starts in the US unexpectedly increased 1.4% mom to a seasonally adjusted annualized rate of 1.702 million in December of 2021, the highest since March and beating market forecast of 1.65 million, as housing demand remains strong although high prices for building materials, specially lumber, supply constraints and labor shortages persist and weigh on construction times. Starts for units in buildings with five units or more jumped 13.7% to 0.524 million while the rate for single-family housing starts declined 2.3% to 1.172 million. Starts surged in the Midwest (36.5% to 0.288 million) and the Northeast (20.2% to 0.137 million) but fell in the South (-1.9% to 0.915 million) and the West (-13.8% to 0.362 million). source: U.S. Census Bureau
Housing Starts in the United States averaged 1431.56 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 January of 2022.
Housing Starts in the United States is expected to be 1500.00 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 1370.00 Thousand units in 2023 and 1270.00 Thousand units in 2024, according to our econometric models.