The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
February 19, 2025US HOUSING STARTS AND BUILDING PERMITS, JANUARY 2025 Month over month (January 2025 vs December 2024, seasonally adjusted annualized rates)
Compared to the previous month, US housing starts were down 9.8% to a seasonally adjusted annualized rate of 1,366,000 units. There was a large decline in multi-unit dwelling starts (-13.5%), and a smaller decrease in single unit starts (-8.4%).
The number of residential building permits edged up 0.1% to a seasonally adjusted annualized rate of 1,483,000 units. Permits were unchanged for single units, while multiple unit permits rose 0.2%.
Year over year (January 2025 vs January 2024, seasonally adjusted annualized rates)
Compared to the same month last year, US housing starts were down 0.7%, with decline in single unit starts (-1.8%) partially offset by a rise in multi-unit starts (+2.2%).
Residential building permits were down 1.7% year-over-year, with decreases in single units (-3.4%) partially offset by a rise for permits in multi-unit structures (+2.1%).
Note: multi-unit refers to structures with 2-4 units as well as structures were more than 5 units.
Source: US Census Bureau New Residential Construction
<--- Return to Archive
