【Zillow】December 2025 Housing Starts: Builders Leaned Further Towards Higher Density As Single-Family Construction Fell in 2025

• Building permits issued in December increased to 1,448,000 (SAAR). That’s 4.3% above the revised November rate but is 2.2% lower than in December 2024. Single-family permits were at a rate of 881,000 in December. This is 10.9% lower than a year ago.
• Housing starts increased to 1,404,000 (SAAR) in December, up 6.2% from the revised November estimate but still 7.3% lower than a year ago, according to the U.S. Census Bureau.
• Single-family housing starts increased to 981,000 (SAAR) in December, roughly 4.1% higher than the November estimate but still 9% lower than a year ago.

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