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United States Housing Starts Month-over-Month (MoM)

Price

6 %
Change +/-
-6.4 %
Percentage Change
-69.57 %

The current value of the Housing Starts Month-over-Month (MoM) in United States is 6 %. The Housing Starts Month-over-Month (MoM) in United States decreased to 6 % on 4/1/2024, after it was 12.4 % on 2/1/2024. From 2/1/1959 to 7/1/2024, the average GDP in United States was 0.3 %. The all-time high was reached on 7/1/1982 with 29.3 %, while the lowest value was recorded on 3/1/1984 with -26.4 %.

Source: U.S. Census Bureau

Housing Starts Month-over-Month (MoM)

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Housing Starts MoM

Housing Starts Month-over-Month (MoM) History

DateValue
4/1/20246 %
2/1/202412.4 %
12/1/20233.8 %
11/1/202310.6 %
10/1/20230.1 %
9/1/20234.4 %
7/1/20234.1 %
5/1/202315.7 %
4/1/20231.9 %
2/1/20233.2 %
1
2
3
4
5
...
40

Similar Macro Indicators to Housing Starts Month-over-Month (MoM)

NameCurrentPreviousFrequency
🇺🇸
15-Year Mortgage Rate
5.27 %5.47 %frequency_weekly
🇺🇸
30-Year Mortgage Rate
6.86 %6.87 %frequency_weekly
🇺🇸
Average House Prices
514,800 USD487,200 USDMonthly
🇺🇸
Average Mortgage Size
405,490 USD405,400 USDfrequency_weekly
🇺🇸
Building Permits
1.406 M 1.454 M Monthly
🇺🇸
Building Permits MoM
-3.3 %3.9 %Monthly
🇺🇸
Case-Shiller Home Price Index
333.21 points329.95 pointsMonthly
🇺🇸
Case-Shiller Home Price Index MoM
1.4 %1.6 %Monthly
🇺🇸
Case-Shiller Home Price Index YoY
7.2 %7.5 %Monthly
🇺🇸
Construction Spending
-0.1 %0.3 %Monthly
🇺🇸
Existing Home Sales
3.95 M 3.9 M Monthly
🇺🇸
Existing Home Sales MoM
1.3 %-5.1 %Monthly
🇺🇸
Home Price Index MoM
0 %0.3 %Monthly
🇺🇸
Homeownership Rate
65.7 %66 %Quarter
🇺🇸
Housing Index
424.3 points423.3 pointsMonthly
🇺🇸
Housing Price Index YoY
6.3 %6.7 %Monthly
🇺🇸
Housing starts
1.238 M units1.329 M unitsMonthly
🇺🇸
MBA Mortgage Market Index
212 points210.4 pointsfrequency_weekly
🇺🇸
MBA Mortgage Refinancing Index
552.4 points552.7 pointsfrequency_weekly
🇺🇸
MBA Purchase Index
138.6 points136.1 pointsfrequency_weekly
🇺🇸
Mortgage applications
0.8 %0.9 %frequency_weekly
🇺🇸
Mortgage Interest Rate
6.93 %6.94 %frequency_weekly
🇺🇸
Mortgage Originations
374.11 B USD402.65 B USDQuarter
🇺🇸
Multi-family Housing Starts
278,000 units310,000 unitsMonthly
🇺🇸
NAHB Housing Market Index
42 points43 pointsMonthly
🇺🇸
National House Price Index
320.818 points320.324 pointsMonthly
🇺🇸
New Home Sales
619,000 units698,000 unitsMonthly
🇺🇸
New Home Sales MoM
-11.3 %2 %Monthly
🇺🇸
Pending Home Sales
-6.6 %-7.4 %Monthly
🇺🇸
Pending Home Sales MoM
-2.1 %-7.7 %Monthly
🇺🇸
Price-Rent Ratio
134.659 134.897 Quarter
🇺🇸
Residential property prices
5.3 %5.47 %Quarter
🇺🇸
Single-family home prices
422,600 USD426,900 USDMonthly
🇺🇸
Single-Family Home Starts
982,000 units1.036 M unitsMonthly
🇺🇸
Total Housing stock
1.33 M 1.32 M Monthly

Housing Starts denote the number of new residential construction projects initiated in a given month. These estimations of housing starts encompass units in structures that are being entirely rebuilt on an existing foundation.

What is Housing Starts Month-over-Month (MoM)?

"Housing Starts Month-over-Month (MoM) is a critical macroeconomic indicator that measures the number of new residential construction projects that have begun in a given month compared to the previous one. At Eulerpool, our objective is to provide comprehensive and up-to-date macroeconomic data to aid professionals, investors, and analysts in making informed decisions. As such, understanding Housing Starts MoM is pivotal in gaining insights into the housing market's health, economic growth, and broader economic conditions. The Housing Starts MoM data is fundamental in gauging the vitality of the housing sector, which is a significant component of the economy. When new housing starts increase on a month-to-month basis, it typically signifies growing confidence among builders and a buoyant economic climate. Builders are more likely to initiate new projects when they anticipate sustained demand, a conducive lending environment, and favorable economic conditions. Conversely, a decline in Housing Starts MoM can indicate potential trouble, such as tightening credit conditions, diminishing demand, or overall economic stagnation. A myriad of factors influences Housing Starts MoM rates. Interest rates, for instance, play a monumental role. When interest rates are low, borrowing costs decrease, making it more affordable for consumers to take out mortgages and for builders to finance construction projects. Thus, lower interest rates often correlate with an uptick in housing starts. On the other hand, higher interest rates can dampen affordability and investment, leading to a contraction in new housing projects. Government policies and regulations also significantly impact Housing Starts MoM. Incentives such as tax breaks, subsidies, and grants for homebuilders and buyers can stimulate housing development. Additionally, policies aimed at reducing red tape and streamlining building permits can lead to more robust housing starts. On the flip side, stringent regulations, higher property taxes, or restrictive zoning laws can inhibit new residential construction activities. Demographic trends must also be considered when analyzing Housing Starts MoM data. Population growth, migration patterns, and household formation rates can all influence housing demand. For instance, an inflow of people into urban areas often precipitates a surge in housing starts due to increased demand for accommodation. Conversely, an aging population with a preference for downsizing or remaining in current residences might slow new housing commencements. Seasonality is another essential factor affecting Housing Starts MoM. Certain months traditionally see higher activity levels due to favorable weather conditions and seasonal homebuying trends. Construction often peaks during warmer months when the weather is more predictable and builders can work efficiently. Understanding seasonal patterns can help analysts differentiate between temporary fluctuations and more profound, underlying trends in the housing market. The broader economic environment, including employment rates, consumer confidence, and GDP growth, also correlates with the Housing Starts MoM. Healthy economic conditions and low unemployment typically boost consumer confidence and disposable income, prompting more home purchases and thereby spurring new construction. In contrast, economic downturns, rising unemployment, or reduced consumer spending power can lead to lower housing starts as both builders and buyers take a more cautious approach. Analyzing Housing Starts MoM in conjunction with other macroeconomic indicators yields a more nuanced understanding of the economy. For instance, pairing Housing Starts MoM with data on existing home sales, building permits, and construction spending can offer a comprehensive picture of the housing sector's momentum. If Housing Starts MoM is rising while building permits are also increasing, it is a strong indicator of sustained growth in the housing market. Conversely, if new housing starts are declining but construction spending remains high, it might indicate the completion of large-scale projects started in previous months rather than new construction activity. Housing Starts MoM data can also provide valuable insights into potential future economic trends. Since residential construction is a leading economic indicator, changes in housing starts can foretell shifts in economic growth patterns. A sustained increase in housing starts suggests a bullish outlook for the economy, potentially leading to more significant investments, job creation, and economic expansion. On the contrary, a persistent decline in housing starts might presage economic slowdown, prompting businesses and policymakers to take precautionary measures. At Eulerpool, we are dedicated to delivering precise and reliable macroeconomic data to empower our users with actionable insights. Our Housing Starts MoM data is meticulously curated to reflect the latest trends and developments in the housing market. We present this data alongside other critical economic indicators, enabling users to draw well-rounded and strategic conclusions. Whether you are a real estate investor assessing market conditions, a policy maker crafting housing regulations, or an economist predicting economic trajectories, our comprehensive data offerings provide the tools necessary to enhance your analysis and decision-making processes. In summary, Housing Starts MoM is a vital indicator of economic health, revealing key insights into builder confidence, consumer demand, and overall market conditions. By examining the factors influencing housing starts, such as interest rates, government policies, demographic trends, seasonality, and the broader economic environment, stakeholders can better understand and respond to the housing market dynamics. At Eulerpool, we are committed to providing the most relevant and accurate macroeconomic data, including Housing Starts MoM, to support informed decision-making and strategic planning in the ever-evolving economic landscape."