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    Author(s): Delton Alderman
    Date: 2020
    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
    PDF: Download Publication  (1.0 MB)

    Description

    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.

    Publication Notes

    • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

    Citation

    Alderman, 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.

    Keywords

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

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