According to the U.S. Census Bureau’s Survey of Construction (SOC), with analysis provided by the National Association of Home Builders (NAHB), new single-family starts expanded at an accelerated pace in 2020. Nationally, 993,635 new single-family units were started in 2020. That is 12% higher than the units started in 2019 and marked the fast growth rate since 2013 and the highest counts since the Great Recession. Among all the nine Census divisions, the South Atlantic, West South Central and Mountain Divisions led the way with the most new single-family units started in 2020. These three divisions represent 20 states and Washington, D.C., approximately 41% of United States, while the number of new single-family housing starts in these three divisions accounted for about 66% of the total new single-family housing starts in 2020.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
What Areas Grew the Most? Single-Family Home Building in 2020