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
SmartLam Relaunches As SmartLam North America
SmartLam Relaunches As SmartLam North AmericaCross-laminated timber producer SmartLam has expanded as SmartLam North America under new leadership and investment from Brian Fehr, Erik Munck and SmartLam founder Casey Malmquist. SmartLam North America has established...
Jonathan Martin Dies In Louisiana
Jonathan Martin Dies In LouisianaJonathan E. Martin, an industrial engineer who led the transformation of his family’s small sawmill operation into a multi-facility producer of OSB and plywood, all the while growing the company’s timberland portfolio into one of the...
Sierra Pacific Installing Solar Panels
Sierra Pacific Installing Solar PanelsContinuing its commitment to sustainable energy, Sierra Pacific Industries is installing 30 acres of solar panels near its Red Bluff, Calif. offices. The project, which consists of 30,240 panels, is expected to be complete by...
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.