United States Housing Brief, November 2020

Abstract

In November, the aggregate (month-over-month and year-over-year) U.S. housing market indicators were positive. November housing data denoted the second consecutive month of total starts greater than 1.5-million units. The single-family subsector is the primary source of the current uptrend and is progressively gaining momentum. Month-over-month data yielded decreases in four categories: total and multifamily completions, new single-family and existing sales. Similarly, year-over-year data indicated declines for multifamily starts and permits, and total and single-family completions. Residential construction spending was positive month-over-month and year-over-year; and expenditures in August, September, and November are the greatest since 2005–2006 (nominal basis)

Citation

Alderman, Delton. 2021. United States Housing Brief, November 2020. Research Note FPL-RN-0396. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. 6 p.