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.
WWPA is now seeking nominations for its 2024 Master Lumberman honors, to be presented at the WWPA Annual Meeting, April 15, 2024. Master Lumberman is the industry’s highest career achievement recognition for lumber manufacturing and quality control employees working in Western sawmills…
U.S. housing starts in October increased 2% from September to a seasonally adjusted rate of 1.372 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
MDI has done it again and broken the boundaries of what even they thought was possible. Enter: the TWA5000-X Transverse Scanner metal detector. This system is capable of scanning up to 24 ft. boards in a transverse orientation and it effectively accommodates the most efficient…
Bruce Ralston, Canada Minister of Forests, released a statement in response to a North American Free Trade Agreement (NAFTA) panel ruling on Canada’s challenge of the U.S. Department of Commerce’s final dumping determination on softwood lumber…
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