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
Supply-Demand Beat Goes On
Article by Rich Donnell, Editor-in-Chief, Timber Processing March 2019 During my recent visit to Georgia-Pacific’s newly started up sawmill in Talladega, Ala., and during my discussions there about the fact that GP is building two…
Cross City Mill Has New Life
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Cross City Lumber, LLC, the former Georgia-Pacific sawmill in Cross City, Fla., is operating again under new ownership and recently named Wes Grant as President. GP stopped production in 2008 of…
Milwaukee OKs Tallest Mass Timber Structure
The Milwaukee, Wisconsin city planning commission recently approved rezoning for a project many believe will be the tallest mass timber structure in the U.S., though the project must still be approved by a neighborhood zoning…
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