The new home market saw some big gains in single-family housing starts at the end of 2022. According to the U.S. Census Bureau, single‐family housing starts in December were at a rate of 909,000—up 11.3 percent from the revised November figure of 817,000.
Privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,382,000. This is 1.4 percent below the revised November estimate and is 21.8 percent below the December 2021 rate of 1,768,000.
Privately‐owned housing units authorized by building permits in December were down 1.6 percent compared to November, while single‐family authorizations in December were at a rate of 730,000; this is 6.5 percent below the revised November figure.
Privately‐owned housing completions in December were at a seasonally adjusted annual rate of 1,411,000. This is 8.4 percent below the revised November estimate, but 6.4 percent above the December 2021 rate of 1,326,000. Single‐family housing completions in December were 8 percent below the revised November rate of 1,092,000.