This number represents the total number of new single family houses that have started construction in any given month. For context, at the bottom of the financial crash in 2008-09, housing starts hit a multi-year low of 478,000. Currently, housing starts were 1401.00 as of April 01, 2023. It’s an indicator of economic strength, although developers tend to overbuild into slowing markets.
See for yourself how our web-based terminal experience provides the analysis and insight you need—and go beyond with our future-focused tools for stock picking, screening, and charting, including the predictive power of the Zacks Rank.