Definition of housing starts
- Housing starts declined in September.
: shelter, lodging
: dwellings provided for people
: a niche for a sculpture
: to move suddenly and violently : spring
: to react with a sudden brief involuntary movement
: to issue with sudden force
: a sudden involuntary bodily movement or reaction
: a brief and sudden action or movement
: a sudden capricious impulse or outburst
Homes are usually purchased from a previous homeowner. Some buyers, however, choose to purchase newly constructed homes or to pay to have a home designed and built for them. The new housing starts indicator shows the number of new homes being built.
The housing starts figure indicates the demand for newly built homes. A strong housing start measurement is a key indicator of economic well-being, since it reflects healthy levels of employment and consumer confidence. In addition, building new homes increases demand for construction workers as well as other workers as well as materials. Housing and construction efforts are economic drivers helping strengthen the economy.
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