New Construction Dashboard
Housing starts and building permits from the Federal Reserve (FRED). These monthly indicators track the pace of new residential construction.
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The U.S. is building roughly 1.4 million homes per year — but household formation runs at 1.7 million. At this pace, the housing deficit grows by 300,000 units annually, compounding a shortage that already exceeds 4 million homes. See the shortage dashboard →
Housing Starts
🏗️1487K
Latest: 2026-01
Building Permits
📋1376K
Latest: 2026-01
Data Points
📊133
Monthly observations
Housing Deficit
🏚️4M+
Estimated shortage of homes
Housing Starts & Building Permits (Monthly, Thousands)
Source: Federal Reserve Economic Data (FRED) — HOUST & PERMIT series. Values in thousands, seasonally adjusted annual rate.