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.
Hunt Forest Products and Tolko Industries Ltd. announced they will build a $240 million sawmill in Bienville Parish, near Taylor, La. Construction is expected to start in early 2022, and the new facility will employ 60 when operations begin in the…
Two longtime Maine family-owned businesses have joined forces as Robbins Lumber, Inc., Searsmont, has announced the acquisition of Limington Lumber Co., East Baldwin. Under the acquisition, Limington Lumber will…
Roseburg Forest Products continues to expand operations in the Southeast U.S. with the recent announcement it will build a 400MMBF annual production capacity, 375,000 sq. ft. facility on 200 acres in Weldon, NC in Halifax County…
U.S. housing starts experienced another month of growth in June 2021, reaching a seasonally adjusted rate of 1.643 million, a 6.3% increase…
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