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Title: United States housing brief, March 2020

Source: Res. Note FPL-RN-0380. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. 1-8.

Author(s)Alderman, Delton

Publication Year: 2020  View PDF »

Category: Research Notes

Abstract: In March, an overwhelming majority of month-over-month categories were negative. Total, single-, and multifamily starts all recorded double-digit declines. On a year-over-year basis, half the categories indicated improvement, whereas housing completions was the only subsector reporting declines for all components: total, single-family, and multifamily. New single-family and existing house sales decreased, month-over-month and year-over-year. Single-family construction expenditures improved year-over-year and decreased month-over-month. The effects of COVID-19 may not be fully reflected in the March data; the full magnitude of the virus might be revealed in the April and May housing construction data.

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: 07/21/2020

This publication is also viewable on Treesearch:  view
RITS Product ID: 98341

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