United States housing, fourth quarter 2013
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Research Note, FPL-RN-0345. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. 15 p.
In the beginning of 2013, the U.S. housing construction market indicated increases in all sectors; yet, by the fourth quarter’s end, only housing under construction improved. Moderation and declines are to be expected in the fourth quarter, as winter is setting in. Permits, starts, housing under construction, completions, and new and existing house sales all exceeded the record lows recorded in the 2008 to 2011 time period. With that stated, there are still several hindrances for a return to a robust housing industry, including a sluggish economy, declining real incomes, and stricter lending standards. If these hindrances can be overcome, we should expect additional improvement in the U.S. housing construction market.
KeywordsHousing permits starts under construction completions construction spending quarterly and annual construction averages nominal and inflation adjusted construction spending housing and gross domestic product
Alderman, Delton. 2017. United States housing, fourth quarter 2013. Research Note, FPL-RN-0345. Madison, WI: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory. 15 p.