2021 was a good year for housing starts in the United States. In Canada, it was an outstanding year.
Through the first 11 months of 2021, in America, average monthly new home groundbreakings, seasonally adjusted at an annual rate (SAAR), were +15.4% versus January-November 2020.
In Canada, the comparable percentage change was nearly twice as great, +28.5%.
In March 2021, at 1.725 million units SAAR, the U.S. managed its highest level of housing starts in 15 years, dating back to 2006. (The U.S. all-time peak was 2.273 million units SAAR in January 2006).
