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
Canfor to Close Vavenby Sawmill
Canfor to Close Vavenby SawmillCanfor Corporation announced it will be closing its Vavenby sawmill in British Columbia this July. Canfor has reached an agreement to sell the forest tenure associated with the Vavenby sawmill to Interfor for a price of $60 million. “Due...
Interfor To Take Additional Downtime
Interfor To Take Additional DowntimeInterfor announced plans to temporarily reduce production across its operating platform in the British Columbia Interior during the month of June 2019 due to a combination of weak lumber prices and continuing high log costs. The...
Taking The Pulse Of Optimism
Once again we present the Softwood Lumber Sawmill Operations and Capital Expenditure survey results. Again, this is a survey of U.S. softwood lumber operations…
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