United States Housing Brief, November 2020

  • Authors: Alderman, Delton
  • Publication Year: 2021
  • Publication Series: Research Note (RN)
  • Source: FPL-RN-0396

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.
  • Keywords: housing permits, starts, under construction, completions, construction spending, new sales, existing sales, regional housing data, economic indicators
  • Posted Date: March 19, 2021
  • Modified Date: March 22, 2021
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    Publication Notes

    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
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