Header: Header: Header:

Multi-Family Housing Continues Surge

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 residential construction report.

Multi-family was up a whopping 42% from April 2021, registering its third consecutive monthly increase, while single-family has recorded two consecutive months of decline.

The combined housing starts in April were 1.724 million, down 0.2% from March, but up 14.6% over April 2021.

U.S. single- and multi-family housing starts were 1.601 million in 2021, following 1.380 million in 2020.

Housing building permits were at a seasonally adjusted rate of 1.819 million in April, which was 3.2% below March. Single-family permits were 1.11 million, down 4.6%, while multi-family was 656,000, down less than a percent from March.

Latest News

Vermont Announces Business Loan Program

Vermont Announces Business Loan ProgramA new loan program from the Vermont Economic Development Authority (VEDA) is now available to support businesses in the state’s forest economy. Three million dollars in total financing can be provided in the form of loans up to...

Sierra Pacific Plants 300 Millionth Seedling

Sierra Pacific Plants 300 Millionth SeedlingSierra Pacific Industries reported the planting of its 300 millionth seedling on its timberlands this spring. “I wouldn’t have imagined 75 years ago when we started with no land and one very small sawmill that I would see...

Fulghum Commissions 170 ft. Crane In Arkansas

Fulghum Commissions 170 ft. Crane In ArkansasFulghum Industries, Inc. is pleased to announce the commission of the recently installed 170 ft. 45 ton log crane for the modernization project of PotlatchDeltic, Waldo, Ark. The crane will be feeding a BID Group upgraded...

Auburn University Announces Agenda For CLT Conference

Auburn University Announces Agenda For CLT ConferenceThe Auburn University College of Forestry, Wildlife and Environment (CFWE) has unveiled its roster of speakers and conference agenda for the upcoming 2024 cross-laminated timber (CLT) conference to be held this...

Find Us On Social

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

 

Subscribe/Renew

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.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.