Treesearch
United States Housing Brief, December 2021
| Authors: | Delton Alderman |
| Year: | 2022 |
| Type: | Research Note |
| Station: | Forest Products Laboratory |
| DOI: | https://doi.org/10.2737/FPL-RN-410 |
| Source: | Research Note FPL-RN-410. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. |
Download (PDF 1.81 MB): https://research.fs.usda.gov/download/treesearch/64263.pdf
Abstract
December 2021 month-over-month and year-over-year housing data were mostly positive. Single-family housing starts, total housing and multifamily completions, and existing sales were negative month-over-month. Single-family starts and permits, total housing and multifamily completions, existing and new sales were negative year-over-year. Completions continue to be restrained due to the unavailability of building materials and products, combined with other factors. Thus, certain builders may be reluctant to start new projects while waiting to complete units under construction. Rental unit demand is increasing and, combined with historically low vacancy rates for multifamily apartments, supports increasing demand for builders.