Single-Family Housing Starts Show Strength
U.S. housing starts had a minor dip in March, at 1.42 million, down 0.8% from February, though single-family starts were at a rate of 861,000 in March, an increase of 2.7% from February, while multi-family (five units or more) were 542,000, down 6.7% from February, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Building permits were at a rate of 1.413 million in March, down 8.8% from February. Single-family permits were 818,000, a 4.1% increase, while multi-family was 543,000, down 24%.
Housing completions were 1.542 million, 0.6% below February. Single-family completions were 1.05 million, 2.4% above February, while multi-family was 484,000, down 7%.
Latest News
Hampton Lumber Names Schillinger New CEO
Hampton Lumber has announced that Randy Schillinger will join Hampton Lumber & Family Forests as its new CEO, effective June 26, 2023, taking over for Steve Zika who has served as CEO of Hampton since 2003 and announced his retirement earlier this year. Schillinger has over 25 years of experience in the Pacific Northwest wood products industry. He began his career with…
Combilift Launches New Product At Ligna
As leading forklift manufacturer Combilift continues its 25 years in business celebrations with the launch of another new model truck, this time at Ligna, the international timber and woodworking show, held in Hanover. The new Combi-CB70E is a further addition to Combilift’s ever growing range of electric models which offers powerful performance, extensive…
Housing Starts Increase In April
Housing starts across the U.S. increased in April 2.2% to 1.4 million according the U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction report released May 17. Notably, this is 22.3% lower than April 2022’s 1.8 million. Single-family home construction increased 1.6% to its highest level so far in 2023. Starts of apartment…
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