Treesearch
United States housing brief, October 2022
| Authors: | Delton Alderman |
| Year: | 2023 |
| Type: | Research Note |
| Station: | Forest Products Laboratory |
| DOI: | https://doi.org/10.2737/FPL-RN-420 |
| Source: | FPL-RN-420 |
Download (PDF 916 KB): https://research.fs.usda.gov/download/treesearch/66134.pdf
Abstract
In October, month-over-month data declined in the majority of categories. Year-over-year data remain positive in most categories. Single-family permits and starts decreased again, month-over-month and year-over-year. Increasing borrowing costs, slow income growth, and elevated house prices have resulted in a major obstacle for new and existing house sales. October was the ninth consecutive monthly decrease for existing house sales. Single-family construction spending decreased for the sixth straight month.