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Housing Starts: 5+ Units

Annualized rate of new housing starts in 5+ unit buildings, primarily multifamily apartment construction.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The Housing Starts: 5+ Units is currently 446, last updated .

446
1W +9.58%1M +9.58%3M +9.58%
Updated 4h ago
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Housing is the most interest-rate-sensitive sector of the economy and often the first to roll over heading into a downturn. Mortgage rates feed directly into affordability and demand, while building permits signal future supply. Home price indexes like Case-Shiller capture the wealth effect that drives consumer confidence and spending.

Updated 4h ago

Recent Data

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DateValueChange
Mar 1, 2026446+9.58%
Feb 1, 2026407-14.85%
Jan 1, 2026478+18.91%
Dec 1, 2025402+6.35%
Nov 1, 2025378+7.08%
Oct 1, 2025353-26.61%
Sep 1, 2025481+17.03%
Aug 1, 2025411-8.46%
Jul 1, 2025449+3.70%
Jun 1, 2025433+38.34%
May 1, 2025313-27.55%
Apr 1, 2025432+9.92%
Mar 1, 2025393+7.97%
Feb 1, 2025364+8.98%
Jan 1, 2025334-17.73%
Dec 1, 2024406+52.63%
Nov 1, 2024266-31.62%
Oct 1, 2024389+30.10%
Sep 1, 2024299-14.08%
Aug 1, 2024348-5.69%
Jul 1, 2024369+12.16%
Jun 1, 2024329+9.30%
May 1, 2024301-7.67%
Apr 1, 2024326—

Related in Housing

Housing Starts
New privately-owned housing units started, leading indicator of construction activity.
Building Permits
New privately-owned building permits, leading indicator of future housing starts.
New Home Sales
Sales of new single-family houses, sensitive to mortgage rates and consumer confidence.
Case-Shiller Home Price Index
S&P CoreLogic Case-Shiller national home price index.

Explore Further

Forecast 2026
Housing Starts: 5+ Units Outlook
Scenario-weighted forecast using regime implied approach.
Category
All Housing Data
Housing starts, building permits, home prices, and mortgage rates. Track the housing sector that makes up a fifth of U.S...

Frequently Asked Questions

▶What is Housing Starts: 5+ Units?
Annualized rate of new housing starts in 5+ unit buildings, primarily multifamily apartment construction.
▶How does Housing Starts: 5+ Units relate to housing?
Housing Starts: 5+ Units is part of the Housing category. Housing is the most interest-rate-sensitive sector of the economy and often the first to roll over heading into a downturn. Mortgage rates feed directly into affordability and demand, while building permits signal future supply. Home price indexes like Case-Shiller capture the wealth effect that drives consumer confidence and spending.
▶How often is Housing Starts: 5+ Units updated?
Housing Starts: 5+ Units is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Housing Starts: 5+ Units data?
Convex sources Housing Starts: 5+ Units data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Housing Starts: 5+ Units chart page?
The Housing Starts: 5+ Units page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.