Definition of "Housing starts"

Steve Purcell real estate agent

Written by

Steve Purcellelite badge icon

Re/Max Affinity Plus

A measure of actual starts of houses, condominiums, and apartment construction. When an economy is going to take a downturn, the housing sector is the first to decline. The strength in housing starts means not only that the housing industry is healthy, but suggests strength in the overall economy. Housing starts figures are issued monthly by the Department of Commerce. Housing is a key interest-sensitive sector that usually leads the rest of the economy out of the recession. For the housing sector to be sustained, housing start figures need to be backed by building permits. Permits are considered a leading indicator of housing starts.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

In legal terms, the definition of null and void (“void ab initio”) can describe an agreement that has no force or binding power. Therefore, it’s neither valid nor legally ...

Latin term meaning legal capacity to act on behalf of oneself. ...

Measure of central tendency that is a measure of the center of the data; also called an average. Mean and standard deviation are the two most widely used statistical measures that summarize ...

Wondering what For Rent By Owner (FRBO) means?It’s the more popular cousin of For Sale By Owner (FSBO). For Rent By Owner (FRBO) are really common; it’s the name we give to ...

Ownership interest in property that is above the minimum needed to meet uncertainties or a downward trend in real estate market. ...

The direction in which a community is growing. Directional growth is measured over time, and its path strongly influences current and future market values of those properties clearly in ...

Outline or diagram of a structure or group of structures used for planning purposes. ...

Inverted gable roof design where the two side slope upward from the center to the eaves with a valley in the middle. The roof resembles the wings of a butterfly, hence, the name. ...

Part of something such as the units making up a heating or air conditioning system in a building. ...

Popular Real Estate Questions