U.S. New-Construction Housing Units Started Thousands of Units, Seasonally Adjusted Annual Rate, since 1970*
Privately-owned housing unit construction of all kinds.
2,500
2005
2,250
2,000
2022- 2024
1,750
1,500
Oct. 2024
1,250
1,000
▲ Pandemic hits
750
▲
▲
▲ ▲ Recessions
▲ Recession
Recessions
500
Great recession
250
Updated through October 2024
0
*Sources: U.S. Census, from Federal Reserve Bank of St. Louis: https://fred.stlouisfed.org/series/HOUST. Seasonally adjusted annual rate of housing-unit starts. Data from sources deemed reliable but may contain errors and subject to revision. Latest month’s reading is preliminary. All numbers are approximate.
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