Lumber Prices and US Housing Market: April 2023

view the latest video by Madison’s Lumber Reporter about US housing and new home sales update for March 2023

Check back with the Madison’s website often for the latest developments and updates.

Total housing starts in the US for March 2023 were almost flat after a big surge the previous month, at 1.420 million units compared to a downwardly revised 1.432 million units reported for February, and dropped more than -17% from the March 2022 rate of 1.716 million.

Ticking steadily upward after slowing down in the second half of last year, sales of new single-family homes in the US increased to a six-month high in March, at 683,000 units, which is up +10% from February’s sharply downwardly revised 623,000 and is a -3.4% drop compared to March 2022 when it was 707,000 units.