Description
The U.S. New Privately-Owned Housing Units Started is released by the U.S. Census Bureau and measures the number of privately-owned housing units that began construction during the reporting period. It is an important indicator of the real estate market and overall economic conditions.
An increase in the number of new housing starts typically indicates stronger demand in the real estate market, which can drive economic growth and stimulate activity in the construction industry. Conversely, a decrease in this figure may suggest weakening demand in the housing market or a slowdown in economic activity.
This data is released monthly, providing information on changes in the number of new housing starts in the United States for the previous month.