Housing starts for the multi-family segment in the United States skyrocketed 58.9% to an annualized 418 Thousand units in December 2024, the highest in a year, from 263 Thousand units in November. Housing Starts Multi Family in the United States averaged 366.68 Thousand units from 1959 until 2024, reaching an all time high of 1000.00 Thousand units in March of 1973 and a record low of 53.00 Thousand units in October of 2009. source: U.S. Census Bureau

Related	Last	Previous	Unit	Reference
15-Year Mortgage Rate	6.16	6.27	percent	Jan 2025
30-Year Mortgage Rate	6.96	7.04	percent	Jan 2025
Average House Prices	484800.00	525400.00	USD	Nov 2024
Average Mortgage Size	400.93	402.87	Thousand USD	Dec 2024
Building Permits	1483.00	1493.00	Thousand	Dec 2024
Building Permits MoM	-0.70	5.20	percent	Dec 2024
Case Shiller Home Price Index	332.90	333.70	points	Oct 2024
S&P/Case-Shiller Home Price MoM	-0.20	-0.30	percent	Oct 2024
S&P/Case-Shiller Home Price YoY	4.20	4.60	percent	Oct 2024
Construction Spending MoM	0.00	0.40	percent	Nov 2024
Existing Home Sales	4240.00	4150.00	Thousand	Dec 2024
Existing Home Sales MoM	2.20	4.80	percent	Dec 2024
Home Ownership Rate	65.60	65.60	percent	Jun 2024
House Price Index MoM	0.40	0.70	percent	Oct 2024
House Price Index YoY	4.50	4.50	percent	Oct 2024
House Price Index	432.30	430.60	points	Oct 2024
Housing Starts	1499.00	1294.00	Thousand units	Dec 2024
Housing Starts MoM	15.80	-3.70	percent	Dec 2024
Housing Starts Multi Family	418.00	263.00	Thousand units	Dec 2024
Housing Starts Single Family	1050.00	1016.00	Thousand units	Dec 2024
MBA Mortgage Market Index	224.60	224.40	points	Jan 2025
MBA Mortgage Refinance Index	558.80	575.60	points	Jan 2025
MBA Purchase Index	163.00	162.00	points	Jan 2025
MBA Mortgage Applications	0.10	33.30	percent	Jan 2025
Mortgage Originations	448.31	374.11	Billion USD	Sep 2024
MBA 30-Year Mortgage Rate	7.02	7.09	percent	Jan 2025
NAHB Housing Market Index	47.00	46.00	points	Jan 2025
National Home Price Index	323.35	322.28	points	Sep 2024
New Home Sales	664.00	627.00	Thousand units	Nov 2024
New Home Sales MoM	5.90	-14.80	percent	Nov 2024
Pending Home Sales YoY	6.90	5.40	percent	Nov 2024
Pending Home Sales MoM	2.20	1.80	percent	Nov 2024
Price to Rent Ratio	133.63	134.25		Sep 2024
Residential Property Prices	3.44	4.54	Percent	Sep 2024
Existing Home Sales Prices	406100.00	406800.00	USD	Nov 2024
Total Housing Inventory	1330.00	1370.00	Thousands	Nov 2024

United States Housing Starts Multi Family

Housing Starts Multi Family in the US refer to the number of new buildings with five units or more that have started construction during any particular month, intended primarily as a housekeeping residential building designed for non-transient occupancy. All housing units in a multifamily building are counted as started when excavation of the foundations begins. It excludes publicly owned, or government-built, housing.