Single-family permits decline in March; housing starts rise overall

Industry News

istock.com/fstop123 WASHINGTON — The single-family housing market continued to show signs of softening in March as permits and starts declined due to rising mortgage interest rates and ongoing supply chain bottlenecks that continue to delay construction projects and raise home building costs. Due to strong multifamily production, overall housing starts increased 0.3% to a seasonally…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

STOCK MARKET NEWS: Market holiday, gas declines, FTX fallout
Lumber Futures – November 28, 2022
Housing market ‘balance’ could return in 2023, but interest rates the ‘wildcard’: Re/Max
Composite vs. Wood Deck: Which Is Right for Your Outdoor Space?
Resolute Forest Product adds drones to its Ontario seeding and mapping operations