Housing Starts

Housing starts is the number tracked and reported by United States Census
Bureau which reflect privately owned new houses (technically housing units) on
which construction has been started in a given period. The Housing Starts data
is divided into three types:

• Single-family houses;
• Townhouses or small condos;
• Apartment buildings with five or more units.

In case of the apartments each unit is considered a single start.
Furthermore, the construction of a 60-unit apartment building is counted as 60
housing starts.