Building Permits
Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,482,000. This is 1.6 percent above the revised February rate of 1,459,000, but is 0.2 percent below the March 2024 rate of 1,485,000. Single-family authorizations in March were at a rate of 978,000; this is 2.0 percent below the revised February figure of 998,000. Authorizations of units in buildings with five units or more were at a rate of 445,000 in March.

Housing Starts
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,324,000. This is 11.4 percent (±13.5 percent)* below the revised February estimate of 1,494,000, but is 1.9 percent (±10.6 percent)* above the March 2024 rate of 1,299,000. Single-family housing starts in March were at a rate of 940,000; this is 14.2 percent (±14.2 percent) below the revised February figure of 1,096,000. The March rate for units in buildings with five units or more was 371,000.

Housing Completions
Privately-owned housing completions in March were at a seasonally adjusted annual rate of 1,549,000. This is 2.1 percent (±11.5 percent)* below the revised February estimate of 1,582,000, but is 3.9 percent (±10.7 percent)* above the March 2024 rate of 1,491,000. Single-family housing completions in March were at a rate of 1,029,000; this is 0.9 percent (±10.9 percent)* above the revised February rate of 1,020,000. The March rate for units in buildings with five units or more was 503,000.