Residential construction supply in the U.S. 2000-2023, by stage

Published by Statista Research Department, Oct 18, 2023
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 surge of construction material prices, and the overall economic uncertainty were some of the reasons for construction slowing.

Residential real estate construction supply in the United States from January 2000 to August 2023, by stage (in million units)

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Release date

October 2023

Region

United States

Survey time period

January 2000 to August 2023

Supplementary notes

The statistic has been compiled using figures on the number of building permits issued, new privately-owned units started, under construction, and completed units.

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