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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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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.