New home construction output in the U.S. private sector fell in 2023. Meanwhile, 2022 was the third year of strong growth in a row, with private residential construction reaching a value of 918 billion U.S. dollars. Those trends are also reflected in the number of housing units authorized by building permits, which shows the number of projects that were approved and ready to start.
Value of new private residential construction put in place in the United States from 1964 to 2023
(in billion U.S. dollars)
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US Census Bureau. (May 2, 2024). Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
US Census Bureau. "Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars)." Chart. May 2, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
US Census Bureau. (2024). Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
US Census Bureau. "Value of New Private Residential Construction Put in Place in The United States from 1964 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 May 2024, https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
US Census Bureau, Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/ (last visited November 21, 2024)
Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars) [Graph], US Census Bureau, May 2, 2024. [Online]. Available: https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
