April 19, 2022

Housing Starts and Permits (March 2022)

- Starts - Annual Rate    1,793,000. Previous was 1,788,000

- Permits - Annual Rate    1,873,000. Previous was 1,865,000

A goal must be to keep starts above the 1.500,000 annual needed to accommodate 

expanded population and units lost. In addition we need 500,000 more starts per year to make up for 15 years of Starts less than 1,500,000.

SFR Starts were 1,215,000 which was -4.4% year/year. 5+ unit starts were +28.1% year/year.

Source:  Census  Details:  https://www.census.gov/construction/nrc/pdf/newresconst.pdf