United States Housing Brief, March 2021

Delton Alderman

Treesearch

United States Housing Brief, March 2021

Informally Refereed

Authors:

Delton Alderman

Year:

2021

Type:

Research Note

Station:

Forest Products Laboratory

Source:

FPL Research Note

Download (PDF 1.80 MB)

Download (PDF 1.80 MB): https://research.fs.usda.gov/download/treesearch/62811.pdf

Abstract

Aggregate housing data were overwhelmingly positive in March. Total March housing starts achieved their greatest level since July 2006. Total and single-family permits rebounded strongly as well. Houses under construction and housing completions also attained their highest levels in 13 years. New single-family house sales recorded significant gains. Existing house sales were negative month-over-month, and housing doyens attributed this to a lack of inventory. Total and single-family construction spending were positive month-over-month and year-over-year. In sum, private residential spending hit the highest rate in 8 years.

Keywords

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

Citation

Alderman, Delton. 2021. United States Housing Brief, March 2021. Research Note FPL-RN-0401. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. 6 p.