The Year-to-Date total is up 6.9% from 2022
Overall housing starts decreased 14.8% in January to a seasonally adjusted annual rate of 1.33 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Sales of new single‐family houses in December 2023 were at a seasonally adjusted annual rate of 664,000, which is 8.0 percent above the revised November rate of 615,000 and is 4.4 percent above the December 2022 estimate of 636,000.
A report by Harvard Joint Center for Housing Studies shows climbing rents have propelled cost burdens to staggering new heights.
Single-family production surpassed the million mark for the second straight month in December.
The United States Census Bureau and US Government of Housing and Development jointly announced the following new residential construction statistics for December 2023.
More than half of American homeowners are unwilling to put their homes on the market; two in three homeowners say that they plan to make home improvements in the next six months to a year.