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.
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…
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