U.S. housing starts, thanks to the single-family market, finished 2020 on a surge, with December housing starts at a seasonally adjusted rate of 1.669 million, a 5.8% increase over November and 5.2% increase compared to December 2019, while preliminary figures show housing starts for all of 2020 at 1.380 million, a 7% increase over 2019, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts in December were 1.338 million, up 12% from November and nearly 28% over December 2019, while 2020 single-family starts came in at 991,000, a 11.7% increase over 2019.
Multi-family starts didn’t fare as well, with 312,000 in December, down substantially from November and 40% down from December 2019, though coming in at 376,000 for the year, down only 3.2% from 2019.
Housing starts in 2020 hit their lowest point in April at 934,000, including 679,000 single-family and 240,000 multi-family.
U.S. housing building permits in December were 1.709 million, a 4.5% increase over November and 17.3% jump from December 2019, while finishing at 1.452 million for 2020, a 4.8% increase over 2019.
Single-family permits were 1.226 million in December, up 7.8% from November and ahead 30% from December 2019, while coming in at 977,000 for the year, a 13.3% increase over 2019. Multi-family permits were 437,000 for December, down slightly from November and down 7.8% from December 2019, and finishing at 429,400 for the year, down nearly 11% from 2019.
The Westervelt Co. recently announced a change of leadership in the wood products business. Mark Richardson has been promoted to Vice President and General Manager, Wood Products, effective January 1, 2023. He will be promoted into the role currently held by Joe Patton, who recently announced his retirement after a 24 plus year career with the company…
Two of New England’s top performing eastern white pine manufacturing facilities will be stronger together as Hancock Lumber announced plans to acquire Madison Lumber Mill of Madison, NH. Hancock Lumber’s eastern white pine operations will expand to four mills with its first sawmill acquisition in more than 20 years…
U.S. housing starts in August jumped 12.2% over July to an annual rate of 1.575 million, breaking a three month losing streak, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
USNR announced in early September, they have sold the DynaStar Maintenance Management Software to DrekiTek Software Solutions Ltd., and looks forward to a long-term relationship with DrekiTek Software Solutions as it continues the development and support of the DynaStar system…
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