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Home » Distribution Industry News » March Housing Starts Up 3.9% Year Over Year 

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  • Published on: April 20, 2022

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  • Jonathan Bein Jonathan Bein

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Distribution Industry News

March Housing Starts Up 3.9% Year Over Year 

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced that housing starts in March 2022 were up 3.9% year over year.  

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In March, privately-owned housing starts were at a seasonally adjusted annual rate of 1,793,000, a 0.3% increase compared to the revised February estimate and a 3.9% increase over the March 2021 rate of 1,725,000. Single-family housing starts were at a rate of 1,200,000, 1.7% below the revised February figure of 1,221,000.  

In March, there were 1,873,000 building permits and 1,303,000 housing completions, a 6.7% and 13% increase year over year, respectively. Single-family authorizations in March were at a rate of 1,147,000, and single-family housing completions were 1,000,000. 

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