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surge of construction material prices, and the overall economic uncertainty were some of the reasons for construction slowing.
Housing construction in the United States plummeted between 2006 and 2010, followed by a gradual increase until 2022. The number of new building permits reached the highest value since 2006 in December 2021, followed by a decline in the following years. That consequently affected the construction pipeline, leading to a declining number of home construction starts. As of August 2023, the 12-month rolling number of new privately owned housing units completed amounted to almost 1.4 million. Inflation, the Residential real estate construction supply in the United States from January 2000 to August 2023, by stage (in million units)
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Other statistics that may interest you Housing market in the United States
Residential housing market
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- Premium Statistic Number of U.S. housing units and annual increase 1975-2022
- Premium Statistic Number of newly built and existing homes for sale in the U.S. 2013-2023
- Premium Statistic Number of new homes sold in the U.S. 1995-2023
- Basic Statistic Number of existing homes sold in the U.S. 1995-2023, with a forecast until 2025
- Premium Statistic Homeownership rate in the U.S. 1990-2023
- Premium Statistic Homeownership rate in the U.S. 2023, by age
- Basic Statistic Homeowner vacancy rates in the U.S. 1990-2023
- Basic Statistic Rental vacancy rates in the U.S. 2000-2023, by region
Home building
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- Premium Statistic Residential construction supply in the U.S. 2000-2023, by stage
- Premium Statistic Value of new private residential construction in the U.S. 1964-2022
- Premium Statistic Average construction costs for single-family homes in the U.S. 1998-2022
- Premium Statistic Residential construction costs in the U.S. Q1 2024, by city
- Premium Statistic Price growth rate of residential construction in the U.S. 2006-2022, by type
- Premium Statistic Price change on annual basis of 32 different building materials in the U.S. 2014-2024
- Basic Statistic Leading home builders in the U.S. 2022, by revenue
Home financing
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- Basic Statistic U.S. housing: Case Shiller National Home Price Index 2017-2023
- Premium Statistic FMHPI house price index change 1990-2023
- Premium Statistic Annual home price appreciation in the U.S. 2023, by state
- Premium Statistic Median sale price of existing homes sold in the U.S. 2017-2023 with forecast for 2025
- Premium Statistic Median sales price of new homes sold in the U.S. 1965-2023
- Premium Statistic Median sales price of existing single-family homes in the U.S. 2021-2023, by metro
- Premium Statistic Mortgage interest rates in the U.S. Q1 2019- Q2 2023, by mortgage type
- Premium Statistic Mortgage down payment for home purchase in the U.S. 2012-2023
Affordability
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- Premium Statistic Housing affordability index in the U.S. 2000-2022
- Premium Statistic Mortgage affordability in the largest metros in the U.S. 2022
- Premium Statistic Share of renters who can afford to buy a home in the U.S. 2022, by metro
- Premium Statistic Main reasons for buying a home U.S. 2022
- Premium Statistic Main reasons non-owners do not currently own a home U.S. 2022
- Premium Statistic Monthly homebuyer sentiment in the U.S. 2011-2023, by age group
- Premium Statistic Homebuyers who struggle to find a home due to affordability U.S. 2023, by generation
- Premium Statistic Buyers able to afford less than half of homes for sale U.S. 2020-2023, by generation
Further Content: You might find this interesting as well
Statista. (October 18, 2023). Residential real estate construction supply in the United States from January 2000 to August 2023, by stage (in million units) [Graph]. In Statista. Retrieved April 27, 2024, from https://www.statista.com/statistics/1378715/residential-construction-supply-usa-by-stage/
Statista. "Residential real estate construction supply in the United States from January 2000 to August 2023, by stage (in million units)." Chart. October 18, 2023. Statista. Accessed April 27, 2024. https://www.statista.com/statistics/1378715/residential-construction-supply-usa-by-stage/
Statista. (2023). Residential real estate construction supply in the United States from January 2000 to August 2023, by stage (in million units). Statista. Statista Inc.. Accessed: April 27, 2024. https://www.statista.com/statistics/1378715/residential-construction-supply-usa-by-stage/
Statista. "Residential Real Estate Construction Supply in The United States from January 2000 to August 2023, by Stage (in Million Units)." Statista, Statista Inc., 18 Oct 2023, https://www.statista.com/statistics/1378715/residential-construction-supply-usa-by-stage/
Statista, Residential real estate construction supply in the United States from January 2000 to August 2023, by stage (in million units) Statista, https://www.statista.com/statistics/1378715/residential-construction-supply-usa-by-stage/ (last visited April 27, 2024)
Residential real estate construction supply in the United States from January 2000 to August 2023, by stage (in million units) [Graph], Statista, October 18, 2023. [Online]. Available: https://www.statista.com/statistics/1378715/residential-construction-supply-usa-by-stage/