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.
Corvallis, Ore.-based Lucidyne Technologies, which was purchased in 2020 by Microtec, is now named Microtec Corvallis as Microtec finalizes its branding integration plans. Last year, following its acquisitions of Finscan and Woodeye, Microtec rebranded Finscan as Microtec Espoo and Woodeye as…
U.S. softwood lumbermen are not as bullish about their lumber business situation as they were a year ago, but they’re still upbeat and capital expenditure projects are in full force, according to Timber Processing’s annual 2022 U.S. Sawmill Operations & Capital Expenditures Survey…
U.S. single-family housing starts in April dipped 7.3% from March to a seasonally adjusted rate of 1.1 million, but multi-family starts (five units or more) shot up 16.8% over March to 612,000, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new…
Article by Dan Shell, Senior Editor, Timber Processing May 2022 – In between looking for extra employees to fill out another shift or solidify the one or two already in place, or perhaps looking for larger vaults to hold the cash they’ve been putting away thanks to record lumber prices, lumber suppliers would be smart to…
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