Jennifer Coskren, Fastmarkets’ director of wood products and timber, comments on the state of the US housing market and a look ahead to 2025. …Construction will ease about 5.5% this year, with the single-family component of our forecast still up 5% to just under one million units. While the September rate cuts by the Federal Reserve may not immediately boost new home construction, future cuts are likely to encourage side lined buyers to enter the market. We are expecting an improvement in construction in 2025. We anticipate a rebound in both single-family and multi-family starts, with a forecast of approximately 1.5 million units, of which 1.1 million of them are single-family. Both single-family and multi-family are forecast to be up around 11%.