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FOR IMMEDIATE RELEASE: Friday, January 17, 2025

MONTHLY NEW RESIDENTIAL CONSTRUCTION, DECEMBER 2024

CB25‐07



Building Permits
Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,483,000. This is 0.7 percent below the revised November rate of 1,493,000 and is 3.1 percent below the December 2023 rate of 1,530,000. Single-family authorizations in December were at a rate of 992,000; this is 1.6 percent above the revised November figure of 976,000. Authorizations of units in buildings with five units or more were at a rate of 437,000 in December.

An estimated 1,471,200 housing units were authorized by building permits in 2024. This is 2.6 percent below the 2023 figure of 1,511,100.

Housing Starts
Privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,499,000. This is 15.8 percent (±14.4 percent) above the revised November estimate of 1,294,000, but is 4.4 percent (±11.3 percent)* below the December 2023 rate of 1,568,000. Single-family housing starts in December were at a rate of 1,050,000; this is 3.3 percent (±10.9 percent)* above the revised November figure of 1,016,000. The December rate for units in buildings with five units or more was 418,000.

An estimated 1,364,100 housing units were started in 2024. This is 3.9 percent (±2.6 percent) below the 2023 figure of 1,420,000.

Housing Completions
Privately-owned housing completions in December were at a seasonally adjusted annual rate of 1,544,000. This is 4.8 percent (±13.7 percent)* below the revised November estimate of 1,621,000 and is 0.8 percent (±13.0 percent)* below the December 2023 rate of 1,557,000. Single-family housing completions in December were at a rate of 948,000; this is 7.4 percent (±11.8 percent)* below the revised November rate of 1,024,000. The December rate for units in buildings with five units or more was 570,000.

An estimated 1,627,900 housing units were completed in 2024. This is 12.4 percent (±3.5 percent) above the 2023 figure of 1,448,800.

Contact


Data Inquiries
Economic Indicators Division
Residential Construction Branch
301-763-5160
eid.rcb.customer.service@census.gov

Media Inquiries
Public Information Office
301-763-3030
pio@census.gov

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