National Real Estate Insights December 2024

New Home Construction: Units Authorized, But Not Started National Number in Thousands of Units, by Month, since 2000*

2022-2023-2024

300

2006

250

200

150

Pandemic hits

Foreclosure crisis; great recession

2000

100

50

Privately-owned (non-governmental) housing units of all kinds, in thousands, authorized for construction, but construction has not yet started.

Updated through November 2024

0

*U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Authorized but Not Started. Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/AUTHNOTT. Not seasonally adjusted. Latest month labeled preliminary. All numbers are approximate estimates.

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