8/24/2023 0 Comments Montana new home inventory amountThe number of housing starts in the Northeast was up 22.4% from 2020.8.5% of new housing starts in 2021 were in the Northeast.75.9% of Southern housing starts were single family. ![]() The number of housing starts in the South was up 15.3% from 2020.In 2021, 53.0% of all housing starts were in the South.Historical Annual New Privately Owned Housing Authorized Permits & Starts, Selected Years YearĪmong regional housing starts, the South produces the highest rate of single family homes. Housing units are completed at an average rate of 107,600 per month.An average of 121,800 new housing permits are authorized monthly.New privately owned housing starts average 115,000 monthly.Some public statistics for building starts and permits date to the 1950s. Among non-adjusted data, the monthly average number of housing starts was 139,833 this is 21.5% higher than the seasonally adjusted monthly average.The monthly average among seasonally adjusted measurements was 115,083 new house starts.In seasonally adjusted data, the busiest month (December) saw 79.6%% more house starts than the slowest month (April).The busiest month (July) saw 63.5% more house starts than the slowest time of year (April).The 2020 construction season was affected by the onset of a global pandemic and subsequent economic downturn. Among non-adjusted data, the monthly average number of housing starts was 121,758 this is 8.97% lower than the seasonally adjusted monthly average.The annual monthly average among seasonally adjusted measurements was 133,750 new house starts.In seasonally adjusted statistics, the busiest month (December) had a 23.5% higher annual monthly average than the slowest time of year (February).The busiest month (June) saw 51.1% more house starts than the slowest month (February).Most of the data in this report has not been seasonally adjusted. New house starts or new housing starts refer to residential construction projects that have broken ground. 1.43 million is the average annual new house starts since 1959.Īnnual New Privately Owned Housing Authorized Permits & Starts Year.2008 itself was the second-most dramatic plunge with new house starts down 35.3% from 2007.The most dramatic annual decrease in housing starts was in 2009, when new house starts fell 35.6% from the previous year.New starts in 2021 were up 189.0% from 2009, the industry’s lowest point since 1959.An average of 1.12 million housing units have gone up each year since 2011. ![]()
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