When was the last strong growth increase in single-family starts?
The last fast pace of single-family starts grew in 2021 which is the fist time an increase had occured since 2013.
According to the NAHB’s Eye on Housing New single-family starts grew exponentially in 2021. In fact this is the fist time since 2013 there has been such a fast pace in single-family new home starts. NAHB’s Survey of Construction (SOC) reported 1,133,145 new single-family were started in 2021. This is 14% higher than reported in 2020.
The South Atlantic, West South Centeral and Mountain Divisions saw the most new single-family units starts which represented 20 states plus Washington DC. This accounted for 41% of the country and over two-thirds of the total new single-family housing starts in 2021. The Pacific Division increased to 106,240 accounting for 9% and the East North Central Division went to 93,693 accounting for 8%.
The other divisions including East South Central, West North Central, Middle Atlantic and New England made up the remaining 16%. Four of the division grew faster than the national level which were the Middle Atlantic with a 26% increase, the East South Central Division with a 23% increas ehte West South Central Division with a 19% increase.