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
U.S.-Canada Trade Deal Creating Uncertainty In Timber Markets
The U.S. is in the midst of negotiations with Canada over an agreement on Canadian lumber imports. Many U.S. sawmill owners argue that the Canadian mills receive government subsidies on government-owned lands, making it difficult for the U.S. market to compete. The...
Chile To Provide New Source Of Lumber To U.S. Home Builders
The National Association of Home Builders is reporting today that U.S. home builders just completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to...
B.C. Invests $150M To Promote Lumber As Canada-U.S. Negotiations Continue
The provincial government is moving ahead with a new plan to "enhance the competitiveness" of B.C.'s forest industry at a time when Canada and the U.S. are still at loggerheads over reaching a new softwood lumber deal and the threat of U.S.-imposed trade action hangs...
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.