Housing starts in the US sank 14.4% mom in May of 2022, the most since April 2020, as the housing market is facing high pressure from rising inflation and mortgage rates, which coupled with elevated building material costs and supply constraints weigh on consumers' affordability. The annual rate of total housing starts fell to 1.55 million last month from a revised 1.81 million in April which was the strongest reading since May of 2006. Single-family housing starts dropped 9.2% to 1.051 million and starts for units in buildings with five units or more plunged 26.8% to 0.469 million. Starts sank in the South (-20.7%) and the West (-17.8%) but rose in the Northeast (14.6%) and the Midwest (1.9%). source: U.S. Census Bureau

Housing Starts in the United States averaged 1433.61 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 June 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.

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United States Housing Starts



Calendar GMT Actual Previous Consensus TEForecast
2022-05-18 12:30 PM Apr 1.724M 1.728M 1.765M 1.78M
2022-06-16 12:30 PM May 1.549M 1.81M 1.701M 1.69M
2022-07-19 12:30 PM Jun 1.549M


Related Last Previous Unit Reference
Building Permits 1695.00 1823.00 Thousand May 2022
Housing Starts 1549.00 1810.00 Thousand units May 2022
New Home Sales 696.00 629.00 Thousand units May 2022
Construction Spending 0.20 0.30 percent Apr 2022
Home Ownership Rate 65.40 65.50 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1549.00 1810.00 2494.00 478.00 1959 - 2022 Thousand units Monthly
Volume, SA

News Stream
US Housing Starts Fall from 16-Year High
Housing starts in the US sank 14.4% mom in May of 2022, the most since April 2020, as the housing market is facing high pressure from rising inflation and mortgage rates, which coupled with elevated building material costs and supply constraints weigh on consumers' affordability. The annual rate of total housing starts fell to 1.55 million last month from a revised 1.81 million in April which was the strongest reading since May of 2006. Single-family housing starts dropped 9.2% to 1.051 million and starts for units in buildings with five units or more plunged 26.8% to 0.469 million. Starts sank in the South (-20.7%) and the West (-17.8%) but rose in the Northeast (14.6%) and the Midwest (1.9%).
2022-06-16
US Housing Starts Fall for 2nd Month
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.
2022-05-18
US Housing Starts Rise to New 2006-High
Housing starts in the US unexpectedly edged 0.3% higher to a seasonally adjusted annualized rate of 1.793 million in March of 2022, the highest since June of 2006 and beating market forecasts of 1.745 million. Figures for February were also revised higher to 1.788 million from an initial of 1.769 million. Starts of houses with five units or more jumped 7.5% to 0.574 million and single-family starts dropped 1.7% to 1.2 million. Housing starts are still recovering from a low reading in January when pandemic-related labour shortages and weather constraints dragged housing activity down while a record low housing supply should continue to underpin homebuilding. However, mortgage rates continue to soar, material costs remain elevated and supply constraints persist which is weighing on house prices and reducing affordability.
2022-04-19