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
R-Y Timber Juggles Sawmill Production
Officials with RY Timber in Townsend, Mont. announced the company would indefinitely close its Townsend sawmill, and in turn expand operations at its Livingston…
U.S. Commerce Looks At Moldings, Millwork
U.S. Secretary of Commerce Wilbur Ross announced the initiation of new investigations to determine whether wood moldings and millwork products from Brazil…
Family Matters To Fritz Mason
Article by Jessica Johnson, Senior Associate Editor, Timber Processing January/February 2020 – It’s time for the 32nd annual announcement of the Timber Processing Person of the Year—a time that always excites me. I am a bit of a person of the…
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.