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.

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 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.

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 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.

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: Units in Buildings with 5 Units or More (HOUST5FNSA) from Aug 1963 to Feb 2025 about 5-unit structures +, housing starts, privately owned, housing, and USA.

Housing Starts MoM in the United States increased to 11.20 percent in February from -11.50 percent in January of 2025. This dataset includes a chart with historical data for the United States Housing Starts MoM.

In February 2025, there were less building permits for new residential construction in the United States a year earlier. Despite some fluctuations, the number of building permits issued in the past couple of years has been falling. The number of U.S. new home construction starts has also been lower than in previous years.

In 2024, there were more new housing starts in the South of the United States than in every other region of the country combined. Housing starts have been decreasing in the South and the West of the U.S. since 2021, while housing starts remainec the same in the Midwest in 2024 and they increased in the Northeast after a decline in previous years.

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.

Graph and download economic data for New Privately Owned Housing Starts in the United States, Median Square Feet Per Unit for Two or More Units (HOUSTSFLAM2UMQ) from Q1 1999 to Q4 2024 about 2 units +, housing starts, privately owned, new, median, housing, and USA.

Number of units from projected future housing growth in the City as used in enrollment projection.

United States FRBOP Forecast: Annual Housing Starts: Mean: Current data was reported at 1.264 USD mn in Dec 2018. This records a decrease from the previous number of 1.293 USD mn for Sep 2018. United States FRBOP Forecast: Annual Housing Starts: Mean: Current data is updated quarterly, averaging 1.400 USD mn from Sep 1981 (Median) to Dec 2018, with 150 observations. The data reached an all-time high of 2.083 USD mn in Jun 1986 and a record low of 0.558 USD mn in Jun 2009. United States FRBOP Forecast: Annual Housing Starts: Mean: Current data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s United States – Table US.EA007: Private Housing Units: Started and Authorized: Forecast: Federal Reserve Bank of Philadelphia.

This statistic shows the forecast of housing starts in the United States in 2019 and 2020. In 2020, it was estimated that the construction of 1.29 new housing units will begin in the United States.

Long term dataset of U.S. housing starts data back to 1959.

United States Private Housing Starts: 1 Unit: Floor Area: Average data was reported at 2,495.000 sq ft in Sep 2018. This records a decrease from the previous number of 2,551.000 sq ft for Jun 2018. United States Private Housing Starts: 1 Unit: Floor Area: Average data is updated quarterly, averaging 2,484.000 sq ft from Mar 1999 (Median) to Sep 2018, with 79 observations. The data reached an all-time high of 2,736.000 sq ft in Mar 2015 and a record low of 2,210.000 sq ft in Mar 1999. United States Private Housing Starts: 1 Unit: Floor Area: Average data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.EA014: Private Housing Units: Started: By Purpose and Design.

Graph and download economic data for New Privately Owned Housing Starts in the United States, Total Two or More Units (HOUST2UMQ) from Q1 1974 to Q4 2024 about 2 units +, housing starts, privately owned, new, housing, and USA.

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.