U.S. Census Bureau: Monthly New Residential Construction, March 2025

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2025:

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.

The April report is scheduled for release on May 16, 2025. View the full schedule in the Economic Briefing Room: <www.census.gov/economic-indicators/>. The full text and tables for this release can be found at <www.census.gov/construction/nrc/>.

Source: U.S. Census Bureau