FOR RELEASE AT 8:30 AM EST, THURSDAY, JANUARY 18, 2024

MONTHLY NEW RESIDENTIAL CONSTRUCTION, DECEMBER 2023

Release Number: CB24‐11

January 18, 2024 ‐ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential construction statistics for December 2023:

NEW RESIDENTIAL New Residential Construction

CONSTRUCTION (Seasonally Adjusted Annual Rate)
2,100
DECEMBER 2023

Thousands of Units
1,800

Building Permits: 1,495,000 1,500

1,200
Housing Starts: 1,460,000
900
Housing Completions: 1,574,000 Permits
600
Next Release: February 16, 2024 Starts
300 Completions
Seasonally Adjusted Annual Rate (SAAR) 0
Source: U.S. Census Bureau, HUD, January 18, 2024 Dec‐18 Dec‐19 Dec‐20 Dec‐21 Dec‐22 Dec‐23
Source: U.S. Census Bureau, HUD, January 18, 2024

Building Permits
Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate
of 1,495,000. This is 1.9 percent above the revised November rate of 1,467,000 and is 6.1 percent above the
December 2022 rate of 1,409,000. Single‐family authorizations in December were at a rate of 994,000; this is 1.7
percent above the revised November figure of 977,000. Authorizations of units in buildings with five units or more
were at a rate of 449,000 in December.
An estimated 1,469,800 housing units were authorized by building permits in 2023. This is 11.7 percent below the
2022 figure of 1,665,100.
Housing Starts
Privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,460,000. This is 4.3
percent (±12.5 percent)* below the revised November estimate of 1,525,000, but is 7.6 percent (±17.6 percent)*
above the December 2022 rate of 1,357,000. Single‐family housing starts in December were at a rate of 1,027,000;
this is 8.6 percent (±11.2 percent)* below the revised November figure of 1,124,000. The December rate for units in
buildings with five units or more was 417,000.
An estimated 1,413,100 housing units were started in 2023. This is 9.0 percent (±2.5 percent) below the 2022 figure
of 1,552,600.

Data Inquiries Media Inquiries

Economic Indicators Division, Residential Construction Branch Public Information Office
301‐763‐5160 301‐763‐3030
[email protected] [email protected]
Housing Completions
Privately‐owned housing completions in December were at a seasonally adjusted annual rate of 1,574,000. This is
8.7 percent (±19.9 percent)* above the revised November estimate of 1,448,000 and is 13.2 percent (±17.7
percent)* above the December 2022 rate of 1,390,000. Single‐family housing completions in December were at a
rate of 1,056,000; this is 8.4 percent (±18.5 percent)* above the revised November rate of 974,000. The December
rate for units in buildings with five units or more was 509,000.
An estimated 1,452,500 housing units were completed in 2023. This is 4.5 percent (±3.8 percent) above the 2022
figure of 1,390,500.

The January report is scheduled for release on February 16, 2024. View the full schedule in the Economic Briefing Room:
<www.census.gov/economic‐indicators/>. The full text and tables for this release can be found at
<www.census.gov/construction/nrc/>.

EXPLANATORY NOTES
In interpreting changes in the statistics in this release, note that month‐to‐month changes in seasonally adjusted statistics often show
movements which may be irregular. It may take three months to establish an underlying trend for building permit authorizations, six months
for total starts, and six months for total completions. The statistics in Table 1 in this release are based on a non‐probability sample and not
subject to sampling error. They are, however, still subject to nonsampling error. On average the total quantity response rate for these
estimates is 78.7%. The statistics in Tables 2‐5 in this release are estimated from sample surveys and are subject to sampling variability as well
as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the
most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2 percent) above” appears in the text, this indicates
the range (‐0.7 to +5.7 percent) in which the actual percentage change is likely to have occurred. All ranges given for percentage changes are
90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically
significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease.
The same policies apply to the confidence intervals for percentage changes shown in the tables. On average, the preliminary seasonally
adjusted estimates of total building permits, housing starts and housing completions are revised 2.7 percent or less. Explanations of
confidence intervals and sampling variability can be found on our website.
<www.census.gov/construction/nrc/how_the_data_are_collected/>

API
The Census Bureau’s application programming interface lets developers create custom apps to reach new users and makes key
demographic, socio‐economic and housing statistics more accessible than ever before.
<www.census.gov/developers/>

FRED Mobile App

Receive the latest updates on the nation’s key economic indicators by downloading the FRED App
<https://fred.stlouisfed.org/fred‐mobile/> for both Apple and Android devices. FRED, the signature
database of the Federal Reserve Bank of St. Louis, now incorporates the Census Bureau’s 13
economic indicators.
###

* The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from
zero.

Data Inquiries Media Inquiries

Economic Indicators Division, Residential Construction Branch Public Information Office
301‐763‐5160 301‐763‐3030
[email protected] [email protected]
New Privately‐Owned Housing Units Authorized in Permit‐Issuing Places
(Thousands of Units. Detail may not add to total because of rounding.)

Table 1a ‐ Seasonally adjusted annual rate

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 1,409 748 49 612 123 58 184 95 777 448 325 147

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,354 748 54 552 112 53 178 92 770 455 294 148
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,482 796 48 638 113 51 188 101 825 484 356 160
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,437 829 52 556 148 55 204 103 768 502 317 169
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,417 856 58 503 107 55 174 108 803 521 333 172
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,496 902 54 540 137 56 187 106 822 544 350 196
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,441 924 52 465 106 57 196 111 801 558 338 198
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,443 930 47 466 108 51 182 115 811 566 342 198
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,541 948 59 534 120 54 208 118 837 574 376 202
September . . . . . . . . . . . . . . . . . . . . . . . . 1,471 963 49 459 109 54 189 117 818 590 355 202
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,498 969 48 481 128 58 170 114 852 592 348 205
November (r) . . . . . . . . . . . . . . . . . . . . . . 1,467 977 47 443 84 57 190 117 793 581 400 222
December (p) . . . . . . . . . . . . . . . . . . . . . 1,495 994 52 449 101 51 199 121 860 593 335 229
Percent Change1
Dec. 2023 from Nov. 2023 . . . . . . . . . . . 1.9% 1.7% 10.6% 1.4% 20.2% ‐10.5% 4.7% 3.4% 8.4% 2.1% ‐16.3% 3.2%
Dec. 2023 from Dec. 2022 . . . . . . . . . . . 6.1% 32.9% 6.1% ‐26.6% ‐17.9% ‐12.1% 8.2% 27.4% 10.7% 32.4% 3.1% 55.8%

Table 1b ‐ Not seasonally adjusted

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,665.1 975.6 54.8 634.7 145.9 61.5 221.1 121.8 905.6 578.5 392.6 213.9
2023 Annual (p) . . . . . . . . . . . . . . . . . . . . 1,469.8 908.3 53.0 508.6 114.8 54.6 190.0 111.9 820.4 548.7 344.7 193.1

Year to year percent change¹ . . . . . . . . . ‐11.7% ‐6.9% ‐3.3% ‐19.9% ‐21.3% ‐11.2% ‐14.1% ‐8.1% ‐9.4% ‐5.2% ‐12.2% ‐9.7%
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 107.8 51.0 3.6 53.2 11.1 4.2 11.8 5.6 57.8 31.0 27.1 10.3

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 101.0 53.1 3.8 44.1 7.5 3.7 9.8 4.8 62.2 34.4 21.5 10.2
February . . . . . . . . . . . . . . . . . . . . . . . . . . 110.9 58.7 3.2 49.0 7.3 3.3 10.6 5.9 65.5 37.8 27.4 11.6
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131.3 79.4 4.7 47.2 12.6 4.5 17.6 9.3 71.8 49.0 29.3 16.6
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117.6 75.1 4.7 37.8 8.5 4.7 15.2 10.0 65.9 45.3 28.0 15.2
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139.6 88.9 4.8 45.8 12.3 5.5 19.0 11.4 76.0 52.6 32.2 19.5
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135.7 91.0 5.0 39.7 10.5 5.8 18.9 11.5 73.3 53.5 32.9 20.2
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118.7 77.8 3.8 37.1 8.9 4.5 15.4 10.2 66.5 46.3 27.8 16.8
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 141.8 88.3 5.6 47.9 11.0 5.2 20.4 11.6 76.5 52.5 33.9 19.0
September . . . . . . . . . . . . . . . . . . . . . . . . 116.7 76.5 4.0 36.2 8.4 4.6 17.2 10.5 64.1 45.7 27.1 15.7
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 125.3 79.8 4.5 41.0 10.5 4.9 16.6 10.6 70.6 47.8 27.6 16.5
November (r) . . . . . . . . . . . . . . . . . . . . . . 108.8 69.6 3.7 35.5 7.1 4.3 14.9 8.6 56.2 41.1 30.6 15.6
December (p) . . . . . . . . . . . . . . . . . . . . . 105.4 64.7 3.6 37.1 8.5 3.5 12.0 6.8 59.2 39.1 25.7 15.3
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Computed using unrounded data
Note: Year‐to‐date permits estimates reflect revisions not distrubuted to months.

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, January 18, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.
New Privately‐Owned Housing Units Authorized, but Not Started, at End of Period
(Thousands of Units. Detail may not add to total because of rounding.)

Table 2a ‐ Seasonally adjusted

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 292 139 S 149 34 15 24 11 169 85 65 28

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 298 135 S 159 36 15 26 11 170 80 66 29
February . . . . . . . . . . . . . . . . . . . . . . . . . . 301 133 S 164 35 15 24 11 177 79 65 28
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 291 133 S 154 33 14 21 10 173 79 64 30
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 293 141 S 149 33 14 23 13 171 83 66 31
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 282 136 S 142 34 15 18 10 162 79 68 32
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 272 140 S 129 34 15 21 11 153 80 64 34
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 267 138 S 126 33 14 21 11 151 80 62 33
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 276 140 S 131 34 14 22 12 156 81 64 33
September . . . . . . . . . . . . . . . . . . . . . . . . 277 141 S 131 35 15 22 13 153 79 67 34
October (r) . . . . . . . . . . . . . . . . . . . . . . . . 285 145 S 135 38 16 19 14 161 83 67 32
November (r) . . . . . . . . . . . . . . . . . . . . . . 280 139 S 136 33 14 19 12 158 80 70 33
December (p) . . . . . . . . . . . . . . . . . . . . . 266 140 S 121 28 13 21 12 152 83 65 32
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 6 6 X 11 35 19 10 10 7 7 10 13
Percent Change2
Dec. 2023 from Nov. 2023 . . . . . . . . . . . ‐5.0% 0.7% S ‐11.0% ‐15.2% ‐7.1% 10.5% 0.0% ‐3.8% 3.8% ‐7.1% ‐3.0%
3
. 90 percent confidence interval . . . . . . ± 4.4 ± 3.8 X ± 8.0 ± 6.7 ± 7.8 ± 13.6 ± 7.5 ± 7.1 ± 6.2 ± 5.4 ± 6.1
Dec. 2023 from Dec. 2022 . . . . . . . . . . . ‐8.9% 0.7% S ‐18.8% ‐17.6% ‐13.3% ‐12.5% 9.1% ‐10.1% ‐2.4% 0.0% 14.3%
. 90 percent confidence interval 3 . . . . . . ± 5.1 ± 8.6 X ± 7.3 ± 20.0 ± 29.7 ± 16.4 ± 25.2 ± 7.0 ± 10.2 ± 11.7 ± 16.6

Table 2b ‐ Not seasonally adjusted

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 294.0 133.8 4.0 156.1 35.9 14.9 21.1 9.0 170.4 83.2 66.7 26.8

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 299.1 130.4 4.4 164.3 36.4 14.8 24.6 9.1 172.1 78.1 66.0 28.4
February . . . . . . . . . . . . . . . . . . . . . . . . . . 300.2 131.1 3.7 165.5 37.6 15.0 23.7 10.6 174.8 77.4 64.2 28.1
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300.5 139.4 3.5 157.6 34.3 14.6 25.5 12.0 172.9 80.2 67.8 32.6
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 296.1 142.6 3.4 150.2 32.8 14.2 26.5 15.2 169.2 82.3 67.7 30.9
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 286.2 142.2 3.5 140.5 35.7 15.5 19.0 11.6 163.6 81.1 68.0 34.0
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278.9 146.2 3.3 129.5 35.5 15.4 21.1 12.3 155.2 81.6 67.1 36.8
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 262.1 136.8 3.4 121.9 32.5 13.7 18.8 10.7 149.6 79.6 61.3 32.8
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 276.6 142.9 4.5 129.1 32.3 14.0 22.2 12.7 156.1 82.2 66.0 34.0
September . . . . . . . . . . . . . . . . . . . . . . . . 271.8 138.8 4.9 128.1 32.1 14.6 22.2 12.7 151.5 78.9 66.1 32.6
October (r) . . . . . . . . . . . . . . . . . . . . . . . . 281.8 143.8 5.0 133.0 35.9 15.8 18.8 13.1 161.3 84.0 65.8 30.9
November (r) . . . . . . . . . . . . . . . . . . . . . . 269.0 133.8 5.3 129.9 31.7 13.6 18.2 10.0 152.2 79.3 66.9 30.9
December (p) . . . . . . . . . . . . . . . . . . . . . 264.7 133.3 5.1 126.3 29.7 12.7 18.4 9.8 151.5 80.4 65.1 30.3
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 6 6 31 11 35 19 10 10 7 7 10 13
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Average relative standard error for the latest 6‐month period
2
Computed using unrounded data
3
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals
Note: These data represent the number of housing units authorized in all months up to and including the last day of the reporting period and not started
as of that date without regard to the months of original permit issuance. Cancelled, abandoned, expired, and revoked permits are excluded.

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, January 18, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.
New Privately‐Owned Housing Units Started
(Thousands of Units. Detail may not add to total because of rounding.)

Table 3a ‐ Seasonally adjusted annual rate

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 1,357 887 S 461 203 125 128 93 714 499 312 170

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,340 823 S 506 128 61 128 98 786 534 298 130
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,436 835 S 588 105 69 187 87 792 514 352 165
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,380 843 S 515 185 67 133 113 827 535 235 128
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,348 847 S 489 124 58 175 92 745 502 304 195
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,583 1,012 S 563 96 61 260 139 880 617 347 195
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,418 930 S 473 98 59 167 111 813 558 340 202
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,451 988 S 454 107 59 174 123 782 551 388 255
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,305 948 S 350 128 57 160 108 732 587 285 196
September . . . . . . . . . . . . . . . . . . . . . . . . 1,356 966 S 376 84 51 192 118 784 584 296 213
October (r) . . . . . . . . . . . . . . . . . . . . . . . . 1,376 974 S 384 79 60 215 115 727 547 355 252
November (r) . . . . . . . . . . . . . . . . . . . . . . 1,525 1,124 S 388 130 72 205 169 829 633 361 250
December (p) . . . . . . . . . . . . . . . . . . . . . 1,460 1,027 S 417 108 59 187 128 787 588 378 252
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 6 5 X 17 22 22 13 10 8 7 11 10
Percent Change2
Dec. 2023 from Nov. 2023 . . . . . . . . . . . ‐4.3% ‐8.6% S 7.5% ‐16.9% ‐18.1% ‐8.8% ‐24.3% ‐5.1% ‐7.1% 4.7% 0.8%
3
. 90 percent confidence interval . . . . . . ± 12.5 ± 11.2 X ± 32.8 ± 25.9 ± 19.6 ± 34.9 ± 13.3 ± 22.3 ± 19.4 ± 27.9 ± 25.8
Dec. 2023 from Dec. 2022 . . . . . . . . . . . 7.6% 15.8% S ‐9.5% ‐46.8% ‐52.8% 46.1% 37.6% 10.2% 17.8% 21.2% 48.2%
. 90 percent confidence interval 3 . . . . . . ± 17.6 ± 18.7 X ± 39.3 ± 41.6 ± 34.2 ± 73.7 ± 52.8 ± 22.7 ± 26.9 ± 28.0 ± 34.8

Table 3b ‐ Not seasonally adjusted

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,552.6 1,005.2 16.4 531.0 142.1 63.0 205.8 129.7 834.1 581.3 370.6 231.2
2023 Annual (p) . . . . . . . . . . . . . . . . . . . . 1,413.1 944.5 13.1 455.5 113.5 60.8 183.8 118.3 788.0 561.7 327.8 203.7
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 32 4 7 8 3 4 2 1 3 3
Year to year percent change² . . . . . . . . ‐9.0% ‐6.0% ‐20.2% ‐14.2% ‐20.1% ‐3.5% ‐10.7% ‐8.8% ‐5.5% ‐3.4% ‐11.6% ‐11.9%
3
. 90 percent confidence interval . . . . . . ± 2.5 ± 2.2 ± 24.4 ± 6.2 ± 11.1 ± 19.7 ± 4.1 ± 5.5 ± 2.9 ± 2.7 ± 7.9 ± 4.9
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 94.7 61.1 0.7 33.0 14.2 8.6 7.8 5.4 51.2 35.8 21.4 11.3

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 97.7 57.9 0.8 39.0 8.8 3.7 7.1 4.7 59.6 40.2 22.2 9.2
February . . . . . . . . . . . . . . . . . . . . . . . . . . 103.2 58.9 1.0 43.3 6.2 3.6 11.5 4.1 59.5 39.1 25.9 12.1
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114.0 71.4 1.8 40.8 14.7 5.4 9.8 8.3 69.9 46.7 19.6 11.1
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121.7 78.8 1.0 41.9 10.9 5.3 15.5 8.4 66.7 45.9 28.5 19.3
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146.0 92.6 0.8 52.6 8.8 5.5 26.3 15.0 79.3 54.6 31.6 17.4
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132.6 89.8 1.4 41.5 9.2 5.8 16.8 11.9 75.3 52.9 31.3 19.2
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131.4 91.9 0.8 38.8 10.3 6.2 17.1 12.7 69.2 49.5 34.8 23.5
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115.8 84.6 0.6 30.5 11.3 5.1 14.9 10.4 64.2 51.5 25.4 17.6
September . . . . . . . . . . . . . . . . . . . . . . . . 117.0 82.8 1.3 32.9 7.6 4.7 17.6 11.1 66.7 49.1 25.1 17.9
October (r) . . . . . . . . . . . . . . . . . . . . . . . . 115.1 81.2 1.5 32.4 6.7 5.1 19.9 11.5 59.3 44.1 29.2 20.5
November (r) . . . . . . . . . . . . . . . . . . . . . . 117.4 84.7 1.1 31.6 11.1 6.3 15.6 12.7 62.6 46.6 28.1 19.1
December (p) . . . . . . . . . . . . . . . . . . . . . 101.2 69.9 1.1 30.2 7.7 4.1 11.7 7.5 55.8 41.4 25.9 16.9
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 6 5 48 17 22 22 13 10 8 7 11 10
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Average relative standard error for the latest 6‐month period
2
Computed using unrounded data
3
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, January 18, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.
New Privately‐Owned Housing Units Under Construction at End of Period
(Thousands of Units. Detail may not add to total because of rounding.)

Table 4a ‐ Seasonally adjusted

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 1,696 757 S 923 218 67 218 101 789 400 471 189

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,695 747 S 932 221 67 211 100 794 397 469 183
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,686 727 S 943 219 67 211 97 787 385 469 178
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,680 708 S 955 217 67 214 96 787 376 462 169
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,680 697 S 966 214 66 210 93 796 370 460 168
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,687 693 S 978 214 66 213 93 797 369 463 165
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,692 684 S 991 217 66 212 91 799 362 464 165
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,697 679 S 1,001 217 65 209 90 800 357 471 167
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,694 677 S 1,000 215 66 212 88 796 356 471 167
September . . . . . . . . . . . . . . . . . . . . . . . . 1,679 671 S 991 212 65 210 87 790 352 467 167
October (r) . . . . . . . . . . . . . . . . . . . . . . . . 1,680 667 S 996 211 65 210 88 786 346 473 168
November (r) . . . . . . . . . . . . . . . . . . . . . . 1,685 679 S 989 212 67 213 92 784 350 476 170
December (p) . . . . . . . . . . . . . . . . . . . . . 1,679 671 S 991 207 65 216 91 776 342 480 173
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 3 3 X 5 6 9 5 6 4 4 6 8
Percent Change2
Dec. 2023 from Nov. 2023 . . . . . . . . . . . ‐0.4% ‐1.2% S 0.2% ‐2.4% ‐3.0% 1.4% ‐1.1% ‐1.0% ‐2.3% 0.8% 1.8%
3
. 90 percent confidence interval . . . . . . ± 1.1 ± 1.3 X ± 1.2 ± 1.7 ± 2.0 ± 1.6 ± 2.7 ± 2.1 ± 2.2 ± 1.2 ± 1.5
Dec. 2023 from Dec. 2022 . . . . . . . . . . . ‐1.0% ‐11.4% S 7.4% ‐5.0% ‐3.0% ‐0.9% ‐9.9% ‐1.6% ‐14.5% 1.9% ‐8.5%
. 90 percent confidence interval 3 . . . . . . ± 2.7 ± 3.5 X ± 4.6 ± 6.7 ± 7.7 ± 7.3 ± 8.2 ± 3.1 ± 5.4 ± 6.8 ± 7.2

Table 4b ‐ Not seasonally adjusted

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 1,666.5 735.8 16.1 914.5 215.9 66.2 216.7 101.0 770.7 385.3 463.1 183.3

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,670.1 724.1 16.3 929.8 220.2 66.3 207.7 96.7 780.7 384.4 461.4 176.7
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,663.9 703.4 16.4 944.1 217.2 65.2 205.1 91.2 776.9 374.2 464.7 172.8
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,663.5 687.3 17.4 958.9 215.6 65.3 207.9 89.6 780.0 366.6 460.0 165.7
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,678.7 688.6 17.3 972.8 214.3 65.4 205.9 88.2 795.6 366.3 463.0 168.7
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,695.5 693.2 16.3 986.0 215.1 65.8 213.2 92.0 801.3 369.4 465.9 166.0
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,705.8 692.7 17.3 995.8 217.8 66.0 214.5 92.6 807.2 367.8 466.3 166.2
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,717.5 698.7 17.1 1,001.7 217.9 66.2 212.4 93.0 810.5 367.2 476.6 172.4
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,711.1 695.6 16.8 998.8 215.3 66.4 215.5 91.3 805.4 366.5 475.0 171.4
September . . . . . . . . . . . . . . . . . . . . . . . . 1,694.4 689.5 17.1 987.9 212.6 66.3 213.4 90.8 799.3 362.4 469.2 170.0
October (r) . . . . . . . . . . . . . . . . . . . . . . . . 1,693.0 681.2 17.3 994.5 211.5 65.4 214.3 92.4 793.0 353.7 474.3 169.7
November (r) . . . . . . . . . . . . . . . . . . . . . . 1,691.9 685.3 17.0 989.6 212.6 67.8 216.6 95.3 785.6 351.3 477.2 170.9
December (p) . . . . . . . . . . . . . . . . . . . . . 1,651.0 652.7 17.1 981.2 205.7 64.9 214.8 91.0 758.4 328.7 472.1 168.1
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 3 3 18 5 6 9 5 6 4 4 6 8
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Average relative standard error for the latest 6‐month period
2
Computed using unrounded data
3
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, January 18, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.
New Privately‐Owned Housing Units Completed
(Thousands of Units. Detail may not add to total because of rounding.)

Table 5a ‐ Seasonally adjusted annual rate

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 1,390 995 S 381 115 60 187 130 766 589 322 216

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,377 1,018 S 350 105 60 182 134 738 586 352 238
February . . . . . . . . . . . . . . . . . . . . . . . . . . 1,577 1,029 S 542 131 64 205 124 881 623 360 218
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,528 1,035 S 480 135 66 215 133 761 602 417 234
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,416 979 S 420 136 74 211 127 734 565 335 213
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,534 1,007 S 509 118 64 200 137 880 574 336 232
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,492 1,008 S 476 133 61 189 128 845 611 325 208
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,334 1,018 S 307 96 59 205 153 746 597 287 209
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,370 954 S 405 102 40 187 134 770 584 311 196
September . . . . . . . . . . . . . . . . . . . . . . . . 1,459 989 S 461 104 50 183 116 826 619 346 204
October (r) . . . . . . . . . . . . . . . . . . . . . . . . 1,375 990 S 372 101 73 166 98 802 610 306 209
November (r) . . . . . . . . . . . . . . . . . . . . . . 1,448 974 S 458 106 57 166 111 877 591 299 215
December (p) . . . . . . . . . . . . . . . . . . . . . 1,574 1,056 S 509 136 70 200 129 904 649 334 208
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 7 6 X 15 27 22 12 13 10 9 12 11
Percent Change2
Dec. 2023 from Nov. 2023 . . . . . . . . . . . 8.7% 8.4% S 11.1% 28.3% 22.8% 20.5% 16.2% 3.1% 9.8% 11.7% ‐3.3%
3
. 90 percent confidence interval . . . . . . ± 19.9 ± 18.5 X ± 43.8 ± 63.2 ± 100.7 ± 52.0 ± 48.1 ± 30.4 ± 25.9 ± 29.1 ± 22.9
Dec. 2023 from Dec. 2022 . . . . . . . . . . . 13.2% 6.1% S 33.6% 18.3% 16.7% 7.0% ‐0.8% 18.0% 10.2% 3.7% ‐3.7%
. 90 percent confidence interval 3 . . . . . . ± 17.7 ± 12.4 X ± 45.6 ± 47.7 ± 67.2 ± 36.6 ± 32.6 ± 29.0 ± 18.3 ± 25.1 ± 18.4

Table 5b ‐ Not seasonally adjusted

United States Northeast Midwest South West
Period 2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2022 Annual . . . . . . . . . . . . . . . . . . . . . . . 1,390.5 1,022.0 9.4 359.1 115.4 59.8 197.2 136.5 747.0 593.1 330.9 232.6
2023 Annual (p) . . . . . . . . . . . . . . . . . . . . 1,452.5 1,002.5 11.5 438.5 116.4 61.2 191.5 126.4 813.4 601.1 331.2 213.7
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 26 6 7 7 4 3 3 3 4 3
Year to year percent change² . . . . . . . . 4.5% ‐1.9% 22.7% 22.1% 0.9% 2.3% ‐2.9% ‐7.4% 8.9% 1.4% 0.1% ‐8.1%
3
. 90 percent confidence interval . . . . . . ± 3.8 ± 4.7 ± 32.5 ± 11.7 ± 18.4 ± 7.4 ± 11.3 ± 6.2 ± 6.9 ± 8.1 ± 5.4 ± 5.2
2022
December . . . . . . . . . . . . . . . . . . . . . . . . . 132.0 96.8 1.3 33.9 10.8 5.8 17.2 12.2 73.8 58.1 30.2 20.7

2023
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 94.8 71.0 0.6 23.2 6.9 3.9 12.2 9.0 51.5 41.5 24.2 16.7
February . . . . . . . . . . . . . . . . . . . . . . . . . . 111.7 76.9 0.4 34.4 8.4 4.1 13.9 8.8 64.8 48.5 24.6 15.6
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126.4 87.2 1.0 38.2 10.4 4.9 16.4 9.9 66.7 54.1 32.9 18.3
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111.3 77.4 1.3 32.6 9.7 4.9 16.4 9.9 59.2 46.0 26.0 16.6
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129.6 84.4 1.6 43.7 10.5 5.8 16.5 11.2 74.3 48.0 28.3 19.3
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131.1 87.2 0.7 43.2 12.5 6.0 16.7 11.1 72.4 51.2 29.5 18.9
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115.7 83.0 0.9 31.8 9.1 5.2 18.1 12.7 63.5 48.0 25.1 17.0
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122.1 82.4 1.1 38.6 9.4 3.5 16.8 11.7 67.1 49.4 28.7 17.8
September . . . . . . . . . . . . . . . . . . . . . . . . 123.0 83.8 0.8 38.4 9.0 4.5 16.3 10.7 68.6 51.3 29.2 17.3
October (r) . . . . . . . . . . . . . . . . . . . . . . . . 118.6 85.2 1.1 32.3 8.8 6.3 15.2 9.3 67.1 50.5 27.5 19.1
November (r) . . . . . . . . . . . . . . . . . . . . . . 116.4 79.1 1.3 36.0 8.6 4.8 14.2 9.9 69.6 47.1 23.9 17.3
December (p) . . . . . . . . . . . . . . . . . . . . . 151.8 104.8 0.9 46.2 13.3 7.3 18.8 12.3 88.5 65.4 31.3 19.9
1
. Average RSE (%) . . . . . . . . . . . . . . . . . 7 6 48 15 27 22 12 13 10 9 12 11
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Average relative standard error for the latest 6‐month period
2
Computed using unrounded data
3
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction, January 18, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/nrc/methodology.html>.