Graph and download economic data for New Privately-Owned Housing Units Started: Single-Family Units (HOUST1F) from Jan 1959 to Feb 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 79 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 350 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 1108 Thousand units in February from 995 Thousand units in January of 2025. This dataset includes a chart with historical data for the United States Housing Starts Single Family.

Housing Starts in the United States increased to 1501 Thousand units in February from 1350 Thousand units in January 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.

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 (HOUSTW1FNSA) from Jan 1964 to Feb 2025 about West Census Region, housing starts, 1-unit structures, family, housing, and USA.

In February 2025, approximately 111,100 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.

Graph and download economic data for New Privately Owned Housing Starts in the United States, Total One-Family Units (HOUST1FQ) from Q1 1974 to Q4 2024 about housing starts, privately owned, 1-unit structures, family, new, housing, and USA.

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 Feb 2025 about Northeast Census Region, housing starts, 1-unit structures, family, housing, and USA.

The median sales price of an existing single-family home in the United States reached almost 389,300 U.S. dollars in 2023 – the highest price on record. The sales price has risen year-on-year since 2011, increasing by over 100,000 U.S. dollars between 2019 and 2023. Location, location, location Regional differences in the median sales prices of existing single-family homes were evident across the United States. The cheapest region is the Midwest; the most expensive region is the West. An existing home in the West cost over 100,000 U.S. dollars more than in the Midwest. Prices surge due to housing shortage A lack of properties on the market is one reason why the prices of existing single-family homes are rising across all regions of the United States. The shortage in housing comes despite increases in both the number of new single-family units being authorized by building permits and new single-family housing unit starts. Homebuyers in the United States will have to pay top dollar should they want a new single-family home.

The number of building permits for single-family homes in Los Angeles-Long Beach-Anaheim fell slightly in 2024. That year, there were 11,681 permits issued for single-family homes in the metropolitan area of Los Angeles.

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

The number of single-family housing starts in Canada in 2023 decreased by 18,031 units in comparison to the previous year. Housing starts also fell in 2022 from a peak of over 82,100 housing units in 2021. New home construction in Canada overall followed a similar trend during that period.

Graph and download economic data for New Privately-Owned Housing Units Started: Single-Family Units in the South Census Region (HOUSTS1F) from Jan 1984 to Feb 2025 about South Census Region, housing starts, 1-unit structures, family, housing, and USA.

Texas and Florida were the states with most residential building permits issued in 2024. On the other side of the spectrum, Alaska and Rhode Island issued fewer permits than any other state. The overall number of building permits for new residential construction in the U.S. has fluctuated a lot in the past years.

Housing Starts Multi Family in the United States increased to 370 Thousand units in February from 330 Thousand units in January of 2025. This dataset includes a chart with historical data for the United States Housing Starts Multi Family.

New Privately Owned Housing Starts in the United States by Purpose of Construction, Built for Sale Total One-Family Units was 168.00000 Thous. of Units in October of 2024, according to the United States Federal Reserve. Historically, New Privately Owned Housing Starts in the United States by Purpose of Construction, Built for Sale Total One-Family Units reached a record high of 386.00000 in April of 2005 and a record low of 53.00000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for New Privately Owned Housing Starts in the United States by Purpose of Construction, Built for Sale Total One-Family Units - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for New Privately Owned Housing Starts in the United States, Average Square Feet of Floor Area for One-Family Units (HOUSTSFLAA1FQ) from Q1 1999 to Q4 2024 about floor area, housing starts, privately owned, 1-unit structures, family, new, housing, and USA.

In 2024, there were roughly 490,000 building permits for multifamily housing units granted in the United States. The number of housing authorized that year was lower than in previous years, given that multifamily housing permits have fallen two years in a row. In contrast, the number of building permits for single-family housing units did not have such a sharp decrease. Multifamily housing projects on the increase Multifamily homes refer to buildings that contain at least two housing units, including apartment buildings and duplexes. In 2022, building work had started on over half a million multifamily housing units in the United States – the highest number recorded in the past decades, but those numbers have fallen significantly in the years after that. However, it is expected that multifamily housing starts will grow again in 2025. What are the trends in size of different properties? One of the noticeable differences between multifamily and single-family housing is the size of the units. In 2023, the median size of a multifamily unit in the United States was over 1,000 square feet. In contrast, the median size of a single-family housing unit that same year was well over twice as large.

In the United States, it is expected that there will be approximately 5,000 multifamily housing starts less in 2025 than in 2024. However, it is forecasted that the number of construction starts for multifamily housing units will pick up slightly in 2026, after two years of falling starts. Multifamily vs single-family housing demand Multifamily housing includes various types of housing, such as apartment buildings, condominiums, duplexes, and townhouses. The number of housing starts of single-family has also fallen in 2022 and 2023, but it already started growing again in 2024, showing a faster recovery than the multifamily housing segment.

Are multifamily homes getting smaller? The median size of multifamily homes has median size of multifamily homes has shrunk by nearly 200 square feet between 2007 and 2023. This trend towards smaller homes suggests that space is becoming increasingly limited, or that consumers prefer smaller homes due to smaller mortgages, lower maintenance costs and lower utility costs.