Housing Starts in the USA Since November 2005 / by urbanexus

The Federal Reserve Bank of St. Louis has updated their data table and graphs that report the seasonally adjusted annual rate of new starts of privately owned housing on a monthly basis.  The source of this data is the Census Bureau of the U.S. Department of Commerce.  The latest data point is November 2010 and the graph copied below displays the data from the prior five years.

Housing starts declined from a peak of nearly 2.3 million units (annualized) in January 2006, to 477 thousand units in April 2009.  Since then, they have bumped along a relatively flat line, never exceeding the rate of 679 thousand units reached a year later in April 2010.