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

The number of housing units in the United States has grown year-on-year and in 2023, there were approximately 145 million homes. That was an increase of about 1.3 percent from the previous year - the highest annual increase recorded in the past 15 years. Homeownership in the U.S. Most of the housing stock in the U.S. is owner-occupied, meaning that the person who owns the home uses it as a primary residence. Homeownership is an integral part of the American Dream, with about two in three Americans living in an owner-occupied home. For older generations, the homeownership rate is even higher, showing that buying a home is an important milestone in life. Housing transactions slowing down During the coronavirus pandemic, the U.S. experienced a housing market boom and witnessed an increase in the number of homes sold. Since 2020, when the market peaked, new homes transactions have slowed down and so have the sales of existing homes. That has affected the development of home prices, with several states across the country experiencing a decline in house prices.

Graph and download economic data for Housing Inventory: Active Listing Count in the United States (ACTLISCOUUS) from Jul 2016 to Feb 2025 about active listing, listing, and USA.

The number of home sales in the United States peaked in 2021 at almost seven million after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to 4.8 million. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

Graph and download economic data for Housing Inventory: Median Days on Market in the United States (MEDDAYONMARUS) from Jul 2016 to Feb 2025 about median and USA.

United States - Existing Home Sales: Months Supply was 3.50000 Months' Supply in February of 2025, according to the United States Federal Reserve. Historically, United States - Existing Home Sales: Months Supply reached a record high of 5.70000 in July of 2014 and a record low of 1.60000 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Existing Home Sales: Months Supply - last updated from the United States Federal Reserve on March of 2025.

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 primary reasons for purchasing a home in the United States in 2023 varied among home buyers. Approximately one in four homebuyers bought a home because they desired to have their own home. Having one's own home was mainly considered by millennial buyers during their home buying process.

Graph and download economic data for Housing Inventory: Active Listing Count in Florida (ACTLISCOUFL) from Jul 2016 to Feb 2025 about active listing, FL, listing, and USA.

Metros with growing job opportunities naturally have higher housing shortages than other metros. Huntington-Ashland, WV-KY-OH and Akron, OH were the metros with the most acute housing need in the United States as of December 2023. For every new building permit, there were over 10 new jobs created during that period. The number of housing starts has increased in recent years, but in order for housing needs to be met, homes will need to be built in the metros where they are needed the most.

The number of single-family homes for sale in the United States declined for the fourth month in a row in February 2024. There were nearly 762,000 active unique single-family home listings available for purchase in that month, down from 869,000 during the most recent peak in October 2023. Overall, the housing inventory has declined notably since 2018, up to 1.55 million houses were available for sale.

Graph and download economic data for Housing Inventory: Active Listing Count in Texas (ACTLISCOUTX) from Jul 2016 to Feb 2025 about active listing, listing, TX, and USA.

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

Graph and download economic data for Housing Inventory: Active Listing Count Year-Over-Year in Nevada (ACTLISCOUYYNV) from Jul 2017 to Feb 2025 about NV, active listing, listing, and USA.

The U.S. multifamily housing market has experienced a significant increase in supply over the past 10 years. In 2023, the number of units completed reached 450,000 units, marking a notable increase from the previous year's 368,000 units. This uptick comes after a period of a spike in multifamily construction starts. Nevertheless, forecasts suggest a decline in future supply as construction starts decline in 2024 and 2025. Despite these fluctuations, multifamily housing remains a significant share of the U.S. housing stock. Multifamily buildings are a popular choice among renters, with approximately 21 million American households occupying a rental home in a residential building with more than two units.

Monthly Supply of New Houses in the United States was 9.00000 Months' Supply in January of 2025, according to the United States Federal Reserve. Historically, Monthly Supply of New Houses in the United States reached a record high of 12.20000 in January of 2009 and a record low of 3.30000 in August of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Monthly Supply of New Houses in the United States - last updated from the United States Federal Reserve on March of 2025.

The majority of the housing stock in the United States is single-family detached houses. Of the total 128.5 million housing units in 2021, about 81.7 million were detached homes and 8.2 million were attached single-family homes. In comparison, roughly 31.8 million units were in multifamily buildings.

Telluride, CO, was the most expensive market for luxury single-family home market in the United States in 2024. In February that year, the median sales price of a single-family home in Telluride was 6.3 million U.S. dollars. Park City, UT, Paradise Valley, AZ, and the Los Angeles Beach Cities, CA, were other locations that fetched prices over 4.3 million U.S. dollars.

The average single-family house in the United States has overall increased in size since 2000. It reached its peak of 2,467 square feet in 2015 before falling to 2,299 square feet by 2022. Single-family house A single family home is defined as a dwelling designed to house a single family only. This means there are no common walls with other dwellings, the house has been built on its own parcel of land, and that it has its own private entry and exit to a street or thoroughfare. This definition excludes apartments, which are significantly smaller, and have actually been reducing in size over the same time period. Housing in the U.S. In 2022, there were over 85 million owner-occupied and 44 million renter occupied housing units in the United States. Single-family homes are by far the most common type of residential property purchased in the United States.

Graph and download economic data for Housing Inventory: Active Listing Count in Los Angeles County, CA (ACTLISCOU6037) from Jul 2016 to Dec 2024 about Los Angeles County, CA; Los Angeles; active listing; CA; listing; and USA.