Definition of Housing Starts
What does the term "housing starts" mean? What is the definition of the term "housing starts"?
Housing starts refers to the number of residential housing projects that have been started over the course of a single month.
For instance, if you hear someone say "there were 64,000 housing starts in the United States in January", then that means that 64,000 residential housing construction projects were launched in January.
Housing starts is a key economic indicator and one that you will hear quoted in the news each and every month.
When the economy is strong, people have more money, which translates into more people wanting to buy homes. This translates into a higher number of housing starts.
When the economy is sluggish, people have less money and are watching their expenses, which translates into fewer housing starts.
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