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January 09, 2026US HOUSING STARTS AND BUILDING PERMITS, OCTOBER 2025 Month over month (October 2025 vs September 2025, seasonally adjusted annualized rates)
Compared to the previous month, US housing starts were down 4.6% to a seasonally adjusted annualized rate of 1,246,000 units. There were increases in single unit starts (+5.4%) and decreases in multi-unit dwelling starts (-22.0%).
The number of residential building permits were down 0.2% to a seasonally adjusted annualized rate of 1,412,000 units. Permits were down for single units (-0.5%), while multiple unit permits were up (0.2%).
Year over year (October 2025 vs October 2024)
Compared to the same month last year, US housing starts were down (-7.8%), with decreases in single unit starts (-7.8%) and increases in multi-unit starts (-7.9%).
Residential building permits were down (-1.1%) year-over-year, with decreases in single units (-9.4%) and increases for permits in multi-unit structures (+16.3%).
Year-to-date (January-October 2025 vs January-October 2024)
In the first ten months of 2025, US housing starts were down 0.8%, with declines in single unit starts (-7.0%) and increases in multi-unit starts (+16.9%).
Residential building permits were down 3.9% year-to-date, with decreases in both single units (-6.7%) and increases in multi-unit structures (+1.6%).
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
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