Housing starts in the US plunged 14.7% month-over-month to an annualized rate of 1.321 million in March 2024, reversing from an upwardly revised 1.549 million level in February and well below forecasts of 1.48 million. It is the lowest reading since August and the biggest decline since April 2020, as a rise in mortgage rates weighed on potential buyers. Single-family housing starts moved down 12.4% to 1.022 million, and the rate for units in buildings with five units dropped 20.8% to 290 thousand. Starts fell in the Northeast (-36% to 80 thousand), the Midwest (-23% to 157 thousand), and the South (-17.8% to 736 thousand) but rose in the West (7.1% to 348 thousand). source: U.S. Census Bureau
Housing Starts in the United States decreased to 1321 Thousand units in March from 1549 Thousand units in February of 2024. Housing Starts in the United States averaged 1433.27 Thousand units from 1959 until 2024, reaching an all time high of 2494.00 Thousand units in January of 1972 and a record low of 478.00 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 April of 2024.
Housing Starts in the United States decreased to 1321 Thousand units in March from 1549 Thousand units in February of 2024. 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 1400.00 Thousand units in 2025, according to our econometric models.