Graph and download economic data for New Privately-Owned Housing Units Started: Single-Family Units (HOUST1F) from Jan 1959 to May 2025 about housing starts, privately owned, 1-unit structures, family, housing, and USA.

In the United States, the projected number of single-family housing unit starts in 2026 is estimated to increase. After a peak in 2021, the number of home construction starts decreased two years in a row. However, those figures are expected to pick back up in the next years. Single-family homes are the preferred option for Americans Single-family homes were the most common type of home purchased in 2023 in the United States, making up roughly ** percent of all purchases, showing that demand for single-family units remains strong. That explains why there is usually a far higher number of single-family homes than of other type of homes being built any given year. There were roughly *** multifamily homes whose construction started in 2024. Single family housing units in the United States The median size of a single family housing unit in the United States based on square footage has remained relatively consistent over the past two decades. The cost of housing varies around the United States. In 2023, the most expensive median price of an existing single-family home was on the West coast. However, it was in the Northeast where the median price of a new single-family home was the most expensive.

Housing Starts Single Family in the United States increased to 924 Thousand units in May from 920 Thousand units in April of 2025. This dataset includes a chart with historical data for the United States Housing Starts Single Family.

Housing Starts in the United States decreased to 1256 Thousand units in May from 1392 Thousand units in April of 2025. This dataset 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.

Graph and download economic data for New Privately-Owned Housing Units Completed: Single-Family Units (COMPU1USA) from Jan 1968 to May 2025 about 1-unit structures, family, new, private, housing, and USA.

The value of single-family housing construction in the United States is expected to reach over 300 billion U.S. dollars by 2025. Single family housing starts were not heavily affected by COVID-19 in 2020, as there was an increase in dollar value when compared to 2019. Indeed, starts grew by over 20 billion U.S. dollars - or more than 10 percent - between 2019 to 2020, even though new residential construction figures for the United States did decline significantly early in 2020. It is also forecasted that U.S. home sales will further increase.

Graph and download economic data for New Privately-Owned Housing Units Started: Single-Family Units in the West Census Region (HOUSTW1F) from Jan 1984 to May 2025 about West Census Region, housing starts, 1-unit structures, family, housing, and USA.

The duration of single-family home construction projects in the United States decreased significantly in 2024. That happened after years of noticeable increases in the length of time it took to complete projects. On average, it took a month for a house to be authorized by a building permit and reach its construction start phase in 2020, but that same process required *** months in 2024. Meanwhile, the time from start to completion of a single-family home increased from *** months in 2020 to *** months in 2024. Multifamily homes were nevertheless the most time-intensive type of residential construction project.

United States - New Privately-Owned Housing Units Started: Single-Family Units was 85.30000 Thous. of Units in May of 2025, according to the United States Federal Reserve. Historically, United States - New Privately-Owned Housing Units Started: Single-Family Units reached a record high of 170.40000 in May of 2005 and a record low of 22.70000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - New Privately-Owned Housing Units Started: Single-Family Units - last updated from the United States Federal Reserve on July of 2025.

This statistic shows the volume of single-family home starts in San Diego, California from 2015 to 2019. In 2019, the number of single-family home starts in San Diego amounted to **************.

The single-family home construction industry in the United States experienced a deacceleration in the decade of the 2010s, compared to the levels seen around 50 years back. In the 1970s, there was around 11.4 single-family building construction starts, and by the 2010s, this figure decreased to just 6.8 million construction starts. This analysis disregards the population growth rate of the country.

Graph and download economic data for New Privately-Owned Housing Units Started: Single-Family Units in the Northeast Census Region (HOUSTNE1FNSA) from Jan 1964 to May 2025 about Northeast Census Region, housing starts, 1-unit structures, family, housing, and USA.

The number of single-family housing starts in Canada in 2023 decreased by ****** units in comparison to the previous year. Housing starts also fell in 2022 from a peak of over ****** housing units in 2021. New home construction in Canada overall followed a similar trend during that period.

U.S. Housing Starts - One-Family Units Floor Area: 26 years of historical data from 1999 to 2025.

In April 2025, approximately ******* home construction projects started in the United States. The lowest point for housing starts over the past decade was in 2009, just after the 2007-2008 global financial crisis. Since 2010, the number of housing units started has been mostly increasing despite seasonal fluctuations. Statista also has a dedicated topic page on the U.S. housing market as a starting point for additional investigation on this topic. The impact of the global recession The same trend can be seen in home sales over the past two decades. The volume of U.S. home sales began to drop in 2005 and continued until 2010, after which home sales began to increase again. This dip in sales between 2005 and 2010 suggests that supply was outstripping demand, which led to decreased activity in the residential construction sector. Impact of recession on home buyers The financial crisis led to increased unemployment and pay cuts in most sectors, which meant that potential home buyers had less money to spend. The median income of home buyers in the U.S. fluctuated alongside the home sales and starts over the past decade.

This table contains data described by the following dimensions (Not all combinations are available): Geography (11 items: Canada; Prince Edward Island; Nova Scotia; Newfoundland and Labrador ...), Housing estimates (3 items: Housing starts; Housing under construction; Housing completions ...), Type of unit (6 items: Total units; Semi-detached; Single-detached; Multiples ...).

Despite the pandemic's broader economic disruptions, low interest rates in 2020 initially fueled a housing market boom driven by work-from-home orders and a shift toward residential construction. This surge was a lifeline for builders amid economic turbulence. However, the tide turned in 2022 and 2023 as the Federal Reserve's interest rate hikes curbed housing investments, dampening consumer enthusiasm and slowing residential construction activity. Low housing stock and rate cuts late in 2024 led to growth in single-family housing starts, boosting revenue. Single-family home development climbed in more affordable and less densely populated areas in 2024, but new multifamily developments have plummeted. Industry revenue has been climbing at a CAGR of 0.8% over the past five years to total an estimated $233.5 billion in 2025, including an estimated increase of 0.2% in 2025 alone. The initial boom in 2020 and 2021 led to one of the most significant expansions in home-building in recent memory, yet interest rate hikes soon tempered this growth. As smaller-scale developers struggled with escalating construction costs and regulatory hurdles, larger, financially robust companies like DR Horton, Lennar and PulteGroup managed to thrive and expand their operations. These larger companies maximized their market share, leveraging their resources to navigate the challenging economic climate and maintain momentum despite the pressures of rising material costs and labor shortages. These rising material costs and labor shortages have driven up purchase and wage costs, contributing to profit declines over the past five years. Expected interest rate cuts will boost housing developers. Developers will benefit from these favorable conditions, especially those who strategically invest in less densely populated areas to meet the growing appetite for affordable housing. Rate cuts will also provide relief to smaller housing developers more sensitive to interest rate fluctuations. Sustainability also looms on the horizon, with tax incentives and energy-efficient building standards encouraging developers to explore eco-friendly construction. Still, rising material costs and labor shortages will continue to stifle profit growth and increase housing prices. Larger companies will continue to gain market share, strategically developing homes near areas with strong job growth near new large manufacturing facilities. Industry revenue is forecast to expand at a CAGR of 1.4% to total an estimated $250.6 billion through the end of 2030.

New Home Sales in the United States decreased to 623 Thousand units in May from 722 Thousand units in April of 2025. This dataset provides the latest reported value for - United States New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, approximately ***** thousand housing starts were initiated in Japan. This represented a decline of *** percent compared to the previous year. It was the second time since 1995 that the number of new dwellings started fell below *** thousand. Housing construction in Japan Both, the number of and floor area of new construction projects declined compared to 2023. Broken down by type of building, apartment construction starts exceeded the number of single-family home construction starts for the second time in the past decade. Looking at the number of construction starts by use, construction starts for single family homes for sale saw the sharpest decline, while construction starts for homes for rent remained the largest category. Housing stock in Japan Japan’s housing stock comprises more than ** million dwellings, with detached houses accounting for the largest number of occupied dwellings, followed by apartment buildings. As a result of the demographic development, the growing housing stock already exceeds the number of households, resulting in rising vacancy rates across the country. As of 2018, around ***** million dwellings were estimated to not meet the requirements of a new seismic code for buildings introduced in 1981, a share of around ** percent which the government aims to reduce to zero by 2025.

Graph and download economic data for New Privately-Owned Housing Units Started: Single-Family Units in the Midwest Census Region (HOUSTMW1FNSA) from Jan 1964 to May 2025 about Midwest Census Region, housing starts, 1-unit structures, family, housing, and USA.