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
Binderholz Wins Auction For Klausner Two
Austria-based Binderholz Group has purchased, through auction, the bankrupt Klausner Lumber Two LLC sawmill operation in Enfield, NC for $83.4 million. Binderholz had already purchased, at auction in August,…
Redwood Plastics And Rubber Celebrates 50 Years In Business
Redwood Plastics and Rubber has announced that 2021 will be its 50th year in business. A huge milestone for the firm, which began serving customers in 1971, they have achieved strong, sustained growth…
Western Producer Goes South
Idaho Forest Group is building a sawmill in Lumberton, Miss., in Lamar County. The project is a $120 million corporate investment and will create up to 135 jobs. Headquartered in Coeur d’Alene, Idaho, IFG operates six sawmills and a…
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.