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
Kalmar Forklifts ChargePod
Kalmar, part of Cargotec, has launched its containerized ChargePod solution for electrically powered forklifts. The solution addresses growing customer demand for cost-effective mobile outdoor charging solutions and is ideal for customers…
SFPA, Hatton-Brown Join Forces For 2021 Conference
Southern Forest Products Assn. (SFPA) and Hatton-Brown Publishers, Inc., publishers of Timber Processing magazine, have announced a collaboration…
John Porter Price Kept Expanding Horizons
John Porter Price, a patent inventor of the rotary drum debarker for debarking treelength logs and who developed a highly successful business on the concept of starting up and operating independent chip mills…
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.