Currently Reading

Housing Starts Rose in April, but Are Still Down Significantly From a Year Ago

New-Construction Projects

Housing Starts Rose in April, but Are Still Down Significantly From a Year Ago

Single-family housing starts posted a small but promising increase in April, but builders are still confronting a major supply deficit that's been over a decade in the making

May 17, 2023
Empty single-family lot with concrete poured
Image: bbourdages / stock.adobe.com

Housing starts rose to 1.4 million in April, up 2.2% from March 2023, but still down a substantial 22.3% from April 2022, Zillow reports. A boost in builder sentiment caused by a shortage of existing-home inventory led to an increase in single-family home construction, but compared with the building boom of 2021 and 2022, new construction has slowed considerably. 

What Zillow Senior Economist Nicole Bachaud thinks: Because of a lack of inventory of existing homes, newly built homes will continue to be a big part of prospective buyers’ search for the foreseeable future. The good news is that home builder sentiment increased in April to positive territory for the first time since last summer, likely thanks to the low inventory of existing homes on the market meeting with spring home shopping demand. With renewed energy running through the spring housing market, hopefully home building activity will continue  on an upward trajectory to add vital inventory when it’s needed the most. 

Read more



Related Stories

Single-Family Homes

US Markets With the Biggest Increases in Single-Family Construction

It turns out that new single-family construction is concentrated in areas with the highest population densities and lowest homeownership rates

Single-Family Homes

Large Metro Markets Report Single-Family Construction Slowdown

Single-family construction is decelerating across the U.S., with major metro markets seeing the largest declines

Market Data + Trends

Single-Family Homes Are Getting Smaller

Why has the average U.S. single-family home size fallen to its lowest level since 2010?


Top Articles


More in Category

COVID-19 may be easing its grip on the U.S. after a disastrous two years, but lingering supply chain disruptions have builders holding onto their pandemic business tactics

An archive of NHQA-winning companies that represent home building's best in Total Quality Management

Don’t let the current hype about single-family B2R communities obscure the need to create long-term sustainability and asset value


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.