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Title: United States Housing Brief, December 2020

Source: FPL-RN-0398

Author(s)Alderman, Delton

Publication Year: 2021  View PDF »

Category: Research Notes

Abstract: December housing data denoted the second consecutive month of total starts greater than 1.5 million units. For the fourth consecutive month, total starts exceeded their 61-year historical average. Further, single-family starts were the greatest since September 2006 (1,384,000 units). Aggregate (month-over-month and year-over-year) U.S. housing market data also were positive. The single-family subsector is the primary source of the current uptrend and is progressively gaining momentum. Month-over-month data yielded decreases in three categories: aggregate multifamily starts and permits, and new sales. Year-over-year data indicated declines for multifamily starts and permits. Existing house sales were the greatest quantity since 2006. Residential construction spending was positive month-over-month and year-over-year; and expenditures from October through December were the greatest since 2005–2006 (nominal basis).

Keywords: housing permits; starts; under construction; completions; construction spending; new sales; existing sales; regional housing data; economic indicators

Publication Review Process: Informally Refereed (Peer-Reviewed)

File size: 1,024 kb(s)

Date posted: 03/19/2021

This publication is also viewable on Treesearch:  view
RITS Product ID: 10131

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