U.S. housing starts were at a seasonally adjusted rate of 1.580 million for January, a 6% decrease from December and 2.3% below January a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family housing starts were 1.162 million, down 12.2% from December, but up 17.5% from January 2020. Multi-family starts however climbed to 402,000 for January, up 16.2% from December, though down 35.1% from January 2020.
The monthly downward slip was the first for single-family starts following four consecutive monthly increases.
Housing starts in 2020 hit their lowest point in April at 934,000, but rebounded for the year to 1.38 million, compared to 1.29 million in 2019. Single-family starts were 990.1 million in 2020.
U.S. housing building permits in January were 1.881 million, a 10.4% increase over December and 22.5% ahead of January 2020. Single-family accounted for 1.269 million permits, 3.8% above December and 29.9% above January 2020. Multi-family permits were at 557,000 in January, 28% ahead of December and 7.9% more than January 2020.
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…
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.