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United States housing brief, March 2020Author(s): Delton Alderman
Source: Res. Note FPL-RN-0380. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. 1-8.
Publication Series: Research Note (RN)
Station: Forest Products Laboratory
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DescriptionIn 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.
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CitationAlderman, Delton. 2020. United States housing brief, March 2020. Res. Note FPL-RN-0380. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. 1-8.
KeywordsHousing permits, starts, under construction, completions, construction spending, new sales, existing sales, regional housing data, economic indicators
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