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 over May and 29.1% above June 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts were at a rate of 1.16 million, a 6.3% increase over May and 28.5% above June 2020. Multi-family rate in June was 474,000, a 6.8% increase over May and 30.6% above June 2020.
June 2020 represented the beginning of housing starts picking up momentum and coming out of the pandemic.
Housing building permits were at a seasonally adjusted rate of 1.598 million in June, down 5.1% from May and 23.3% above June 2020. Single-family permits were 1.063 million, 6.3% below May. Multi-family permits in June were 483,000, down 1.6% from May.
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…
Find Us On Social
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Complete the online form so we can direct you to the appropriate Sales Representative.