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 Started: Units in Buildings with 5 Units or More (HOUST5F) from Jan 1959 to May 2025 about 5-unit structures +, housing starts, privately owned, housing, and USA.

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.

The Housing Affordability Index value in the United States plummeted in 2022, surpassing the historical record of ***** index points in 2006. In 2024, the housing affordability index measured **** index points, making it the second-worst year for homebuyers since the start of the observation period. What does the Housing Affordability Index mean? The Housing Affordability Index uses data provided by the National Association of Realtors (NAR). It measures whether a family earning the national median income can afford the monthly mortgage payments on a median-priced existing single-family home. An index value of 100 means that a family has exactly enough income to qualify for a mortgage on a home. The higher the index value, the more affordable a house is to a family. Key factors that drive the real estate market Income, house prices, and mortgage rates are some of the most important factors influencing homebuyer sentiment. When incomes increase, consumer power also increases. The median household income in the United States declined in 2022, affecting affordability. Additionally, mortgage interest rates have soared, adding to the financial burden of homebuyers. The sales price of existing single-family homes in the U.S. has increased year-on-year since 2011 and reached ******* U.S. dollars in 2023.

Graph and download economic data for Monthly Supply of New Houses in the United States (MSACSR) from Jan 1963 to May 2025 about supplies, new, housing, and USA.

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.

D.R. Horton was the homebuilder with the highest gross revenue in the United States in 2024. The Texas-based company reached a homebuilding revenue of 33.83 billion U.S. dollars. It was closely followed by D.R. Horton, which had its headquarters in Florida and generated a revenue of 33.78 billion U.S. dollars. Challenges to the residential construction marketThe number of private housing units started fell around the time of the global financial crisis (2007-2009), but has since recovered – though not to the heights of 2006. The value of residential construction in the U.S. fell in 2023, but it is expected to start growing again in the next years.New home sales follow the same trend After a fall in the number of new houses sold in 2021 and 2022, home sales have increased again, with those figures in the U.S. expected to reach 683,000 in 2024. The number of single-family homes started has followed a similar trend, and it is expected to increase in the next couple of years.

Housing Starts in Canada decreased to 279.50 Thousand units in May from 280.20 Thousand units in April of 2025. This dataset provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Most timber is ultimately used in downstream residential construction markets. Declines in residential construction have hurt industry companies, as high inflation has led to increased interest rates and less demand for new construction. Despite a housing shortage, housing starts fell in 2022 and 2023, creating less need for lumber and causing timber prices to plummet. As a result, industry revenue has fallen at a CAGR of 1.5% to $1.1 billion in 2024. However, with interest rates expected to fall by the end of 2024, residential construction is expected to pick back up, leading to an estimated 0.6% revenue increase in 2024. Rising wage costs tempered profit growth in recent years. At the same time, rising lumber prices immediately following the pandemic led to new entrants entering the industry, particularly nonemployers. However, when lumber prices began to fall, many of these new nonemployers were forced out of the industry. Although small operations still account for the bulk of industry participants, timber holdings have also increasingly been purchased by institutional investors who seek the highest possible return on the land. This can include sales to real estate developers and could constrain the US timber supply moving forward. Additionally, forestland devastation caused by forest fires has the potential to disrupt the industry. The timber services industry revenue will rise slightly over the coming years. As interest rates fall and construction activity resumes, the price of sawmill timber will be expected to grow and strengthen industry returns. Meanwhile, many wood product manufacturing industries will begin to experience falling import penetration as the value of the US dollar declines, supporting demand for industry services. Construction will likely remain the largest downstream market for timber. Industry revenue is projected to rise at a CAGR of 1.2% to $1.2 billion over the five years to 2029.

Building Permits in the United States decreased to 1394 Thousand in May from 1422 Thousand in April of 2025. This dataset provides the latest reported value for - United States Building Permits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Fence and scaffolding manufacturers have enjoyed healthy growth in recent years. Price-based gains related to climbing steel prices offset losses from downstream markets turning to substitute materials like wood or plastic for scaffolding and shoring products. While manufacturers enjoyed falling import penetration, the increasing value of the US dollar led to slow growth in exports. Industry-wide revenue has hiked at a CAGR of 2.0% through the end of 2024 to reach $3.2 billion, including an expected slump of 0.1% in 2024 alone. Following the outbreak of COVID-19, low interest rates led to considerable growth in housing starts and private spending on home improvements. This provided padding for the industry, offsetting losses from the stalled nonresidential construction market. Housing starts began to plummet in 2022 thanks to hiking interest rates. Still, a boom in nonresidential construction, spurred by economic stimulus sponsored by the Fed, led to high demand and rapid industry growth. Manufacturers enjoyed unprecedented growth in 2023 as economic conditions eased, allowing for growth in both residential and commercial construction markets. Fence and scaffolding manufacturers are expected to continue to expand, albeit slower. An uptick in nonresidential construction activity and growth in housing starts will greatly benefit fence and scaffolding manufacturers. The value of the US dollar falling over the outlook period will help manufacturers as import penetration continues to fall and makes domestic products more competitive abroad, spurring exports. Industry revenue is expected to expand at a CAGR of 0.6% through the end of 2029 to reach $3.3 billion.

Graph and download economic data for Total Construction Spending: Nonresidential in the United States (TLNRESCONS) from Jan 2002 to May 2025 about nonresidential, expenditures, construction, and USA.

The residential construction and renovation market is the largest source of demand for wood windows and doors, significantly influencing prices and industry dynamics. In recent years, lower mortgage rates and increased home equity borrowing have contributed to new home purchases and home improvement projects, driving demand for industry products. As interest rates rose and housing starts fell from the highs of 2021, manufacturers have faced slower sales growth and profitability challenges, leading to some plant closures. Meanwhile, vinyl has emerged as a strong competitor due to its cost-effectiveness and performance benefits. Interest rate cuts are expected to boost home improvement spending, particularly through home equity lines of credit, yet competition from alternative materials continues to present challenges for the industry. Wood door and window manufacturing revenue is estimated to increase at a CAGR of 0.6% to $17.2 billion through the end of 2025, with a forecast increase of 1.9% during the current year. The wood window and door manufacturing market is expected to benefit from rising home ownership and construction activity as mortgage rates fall, although challenges like housing affordability remain. Increased residential and nonresidential construction and remodeling activity will drive demand, with construction materials companies potentially engaging in M&A to capitalize on these trends. A steady US dollar will boost exports, but competition from low-cost imports and substitutes like vinyl, steel, and fiberglass may constrain growth. The recovery of the nonresidential market will also contribute to demand, with segments like office, commercial, hospital, and educational building construction expected to expand. Wood door and window manufacturing revenue is expected to expand at a CAGR of 2.0% to $18.9 billion through the end of 2030.