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US privately‐owned housing starts in February rise 10.7% from January to seasonally adjusted annual rate of 1,521,000, up 5.9% annually; building permits rose 2.4% annually to 1,518,000, housing completions up 9.6% to 1,729,000: Dept. of Commerce

RBC: February housing starts above consensus on continued strength of single-family starts, rising 11.6% month-over-month and 35.2% year-over-year; permits also above estimate, with single-family permits up 1.0% month-over-month, up 29.5% year-over-year

CIBC: US housing starts above expectations in February, up 11% month-over-month, while permits also rise above estimate, up 2%; builder confidence rises for fourth straight month, lifted by moderation in mortgage rates and lack of existing home inventory

Value of Canada's building permits rose 13.5% to C$10.8B in January; value of residential building permits increased 12.6% to C$6.5B, led by a strong rebound in multi-unit construction intentions: Statistics Canada

RBC highlights wood products news for week of Feb. 19: Lumber prices rise, but OSB declines; January housing starts and housing permits come in below consensus; builder sentiment rises for third consecutive month, marking highest level since August 2023

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