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Daily News / Global Trends / Market Analysis / Statistics / Wood construction / Wood Products / Global / North America
May 26, 2020

US housing starts fell by the most on record due to coronavirus pandemic

US housing starts fell by the most on record due to coronavirus pandemic
US housing starts in April  plunged by the most on record going back to 1959 as sweeping lockdowns to contain the coronavirus pandemic continued to slam the housing market.   Coronavirus has significantly constrained the construction of new homes, according to the most recent housing data from the US government, even while city dwellers rattled by the pandemic are increasingly interested in buying new houses in the suburbs.  The latest reports issued show significant declines in building permits, housing starts, and completions in new residential construction across the US. The number of privately-owned housing units authorized ...

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