Treesearch
United States Housing Brief, September 2022
| Authors: | Delton Alderman |
| Year: | 2023 |
| Type: | Research Note |
| Station: | Forest Products Laboratory |
| DOI: | https://doi.org/10.2737/FPL-RN-419 |
| Source: | FPL-RN-419 |
Download (PDF 890 KB): https://research.fs.usda.gov/download/treesearch/65749.pdf
Abstract
In September, month-over-month data were negative in several categories. Year-over-year data were similar. Single-family permits and starts decreased again, month-over-month and year-over-year. The impact of increasing borrowing costs and slow income growth combined with still elevated house prices resulted in a major obstacle for new and existing house sales. September was the eighth consecutive monthly decrease for existing house sales. Single-family construction spending decreased for the fourth straight month.