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
Washington Sawmill Restarts Production, Brings Back Jobs
It was about a year ago that the owners of Montesano’s Mary’s River Lumber mill on State Route 107 announced it would close. As a result, 38 people lost their jobs, the city lost revenue and the facility basically went idle. In the case of mills, when they shut down,...
Roseburg’s Allyn Ford Talks Forestry, Wood Products At Chamber Meeting
Though the timber industry has faced recent challenges, Allyn Ford of Roseburg Forest Products has a positive outlook for the future of forestry. Ford discussed the state of the wood products industry at a Roseburg Area Chamber of Commerce meeting Monday at the...
Oregon’s Rough & Ready Lumber Coming Down
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