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    Description

    In September, United States single-family construction data indicated month-over-month improvement in several critical categories, with the exception being completions. Total housing starts, permits, and completions were negative month-over-month. Only total and single-family under construction were positive on a monthly and yearly basis. Of note, total and single-family construction spending continued year-over-year declines. Declining interest rates have led to improving housing affordability, which is one factor for this month’s improvement.

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    Citation

    Alderman, Delton. 2020. United States Housing Brief, September 2019. Research Note FPL-RN-0375. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. 6 p.

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    Keywords

    Housing permits, starts, under construction, completions, construction spending, new sales, existing sales, regional housing data, economic indicators

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https://www.fs.usda.gov/treesearch/pubs/59632