housing starts

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Housing Starts

The number of new homes that construction companies have begun building in a given area over a certain period of time. The U.S. Census Bureau measures and publishes housing starts in the United States as a way of gauging the state of the housing market. See also: Housing Market Index.
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housing starts

A statistic tracked by the U.S.Census Bureau (www.census.gov) and by many local real estate and builder organizations;indicates the number of new homes on which construction has started within a certain time period,usually one month and one year.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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The Commerce Department said on Tuesday housing starts rose 1.7% to a seasonally adjusted annual rate of 546,000 units.
In northeastern Ontario, a housing starts and completions survey recorded seven single-detached starts in the four cities for March.
Late last year, the Blue Chip Consensus of the nation's 50 leading economic forecasters predicted 1.52 million housing starts in 2001, a decline from an estimated 1.60 million in 2000 and 1.66 in 1999 (see chart, below right).
Total housing starts peaked at a 131,000 unit annual rate in March 2018.
The Commerce Department said on Tuesday housing starts surged 9.3 per cent to a seasonally adjusted annual rate of 685,000 units, the highest since April last year.
In October alone, Norway's housing starts jumped by 42.3% on the year to 2,949.
Housing starts in the reporting year, however, were at the second lowest level since 1989, following the level seen in 2009, when they stood at 788,410 units, said the Ministry of Land, Infrastructure, Transport and Tourism.
Privately owned housing starts fell 10.8% to a seasonally adjusted rate of 510,000, according to data by the U.S.
Regionally, both housing starts and permits were down in the Northeast and Midwest, and rose in the South and West, compared with January.
More concerning is the softening of housing starts. As the accompanying graph shows, there is a strong similarity in the pattern of pickup truck sales and housing starts, since the construction sector is a heavy consumer of vehicles in this segment.

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