Madison s Lumber Reporter
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VANCOUVER, BC, Dec. 18, 2020 /CNW/ - At a completely unusual time of year, US housing starts for November 2020 increased for the third straight month even. Residential starts rose +1.2% to a 1.55 million annualized rate from a downwardly revised 1.528 million a month earlier.
Single-family starts, which use much more wood than multi-family and are
the largest share of the housing market
, rose for a seventh month to a 1.19 million annualized rate, or +0.4%, the highest rate since 2007. Starts for projects with five or more units, a category that tends to be volatile and includes apartments and condos, increased to 352,000.