U.S. housing starts dipped slightly in September to a seasonally adjusted rate of 1.555 million, down 1.6% from August, but 7.4% above September 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 1.080 million, about even with August and down 2% from September a year ago, while multi-family (five units or more) came in at 467,000, down 5.1% from August, but up 38% from September last year.
Housing starts began a run of consecutive monthly jumps in August 2020 extending through December, so the current numbers reflect a slight variation of that trend.
Housing building permits were at a seasonally adjusted rate of 1.589 million, 7.7% below August and unchanged from September 2020. Single-family permits were 1.041 million, down 0.9% from August and down 7% from September 2020, while multi-family permits were 498,000, down 21% from August and up 18% over a year ago.
Susan Yurkovich, President and CEO of the BC Council of Forest Industries, says the British Columbia Government’s apparent intention to defer 2.6 million hectares of old-growth across British Columbia will have a “profound and devastating impact on people, families and communities across the province…
Industry stakeholders of all types worked to supply materials for the recently opened ICCU Basketball Arena at the University of Idaho in Moscow. The 4,000 seat facility, which opened in October 2021, incorporates several innovative mass timber elements across some of the longest spans in the country. Designers…
U.S. housing starts decreased slightly in October to a seasonally adjusted rate of 1.520 million, down 0.7% from September, while up 0.4% from October 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly…
Major hardwood lumber producer Northwest Hardwoods is relocating its head office from Tacoma, Wash. to Frisco, Tex. CEO Nathan Jeppson states, “This is an important move for our company as we position for long-term growth, and…
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