Daily News / Global Trends / Market Analysis / Lumber / Sawmilling / Wood construction / Wood Products / Global / North America
July 24, 2018

Sharp drop in US housing starts linked to lumber tariffs

Sharp drop in US housing starts linked to lumber tariffs
National Association of Home Builders (NAHB) officials recently commented on new data released by the US Department of Housing and Urban Development and the Commerce Department, linking the June decline in housing starts to the increased implementation of tariffs this year.    The data showed total housing starts fell 12.3 percent in June to a seasonally adjusted annual rate of 1.17 million units. Within the overall number, single-family starts fell 9.1 percent to 858,000 units. The multifamily sector, which includes apartment buildings and condos, dropped 19.8 percent to 315,000.  ...

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