US Housing Starts Feb and Lumber Prices March: 2024

• US Housing Starts Feb ...
U.S. housing starts jumped in February by more than expected. Housing starts, a measure of U.S. home building, rose +10.7% to a seasonally adjusted rate of 1.52 million.
Starts were +5.9% higher than the same month last year.
Residential permits, which can hint at future home construction, also rose +1.9% on month to 1.52 million.
Single-family housing starts surged +11.6% in February
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[@craiggoodwin9704]

Kéta, "awesome content" indeed and thanks so much. You give us such great perspective about what is going on in the lumber industry and the markets. If I were log mill or builder or even a home buyer I'd be glued to your newsletter. Thanks for Sharing!

[@MadisonsLumberPriceReporter]

Thanks Craig! More vids to come next week 😊

[@craiggoodwin9704]

@@MadisonsLumberPriceReporter

[@craiggoodwin9704]

@@MadisonsLumberPriceReporter

[@nationsnumber1chump]

you don't have stats on the lower income home starts vs medium-higher income? I'd be very curious

[@MadisonsLumberPriceReporter]

By "lower-income" do you mean apartments? The housing starts data is number of units only (no monetary figures). However, new home sales for Feb comes out this week, which does have home value data. I will be doing a video about that next week, after the long weekend.