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