After a downward slip in July, U.S. housing starts, riding a multi-family hike, increased to a seasonally adjusted rate of 1.615 million in August, 3.9% above July and 17.4% over August a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
While single-family starts came in at 1.076 million, down 2.8% from July, multi-family (five units or more) shot to 530,000, a whopping 21.6% increase over July and 60% above August a year ago.
Housing starts began a run of consecutive monthly jumps in August 2020 that carried through the end of the year.
Housing building permits were at a seasonally adjusted rate of 1.728 million, 6% above July and 13.5% over August a year ago. Single-family permits came in at 1.054 million, less than a percent above July and basically even with August a year ago. Multi-family permits were 632,000, nearly 20% above July and almost 53% above August a year ago.
Georgia-Pacific plans to invest $120 million and build a new sawmill at its existing sawmill site in Pineland, Tex. Construction is expected to begin early next year and completed in late 2022. The new sawmill will replace the existing stud mill that was built in the 1960s. The new mill will have the ability to produce 450MMBF of…
West Fraser Timber Co. Ltd. has entered into an agreement to acquire the Angelina Forest Products (AFP) southern yellow pine sawmill in Lufkin, Tex. for $300 million (U.S.). The new sawmill began construction in 2018, commenced operations in late 2019 and is expected to progress toward full production capacity of more than…
Article by Dan Shell, Senior Editor, Timber Processing October 2021 – Perhaps it was the 20-year lifespan of the contract, or maybe it was yet another fire season that scorched half a million acres in the state: What if we can’t deliver the timber that we promise? What if there are court cases? What if a big chunk of it just burns up…
SDS Lumber, including its sawmill and plywood mill at Bigen, Wash., is part of an acquisition involving three purchasing entities. Seattle-based Twin Creeks Timber, LLC, The Conservation Fund, and Carson, Wash.-based Wilkins, Kaiser & Olsen, Inc. (WKO) are acquiring SDS Lumber and Timber Companies…
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