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
Oregon Timber Execs, Senator Call For New Softwood Lumber Deal
Fording a flood of cheaper lumber imported from Canada, local lumber interests met with U.S. Senator Ron Wyden Tuesday to jointly call for a new trade agreement or risk whittling the industry at home. “What we need is a fair system that allows individuals and...
Housing Boom Spurs Canada Lumber Surge As U.S. Mulls Import Duty
With Americans buying more new homes than at any time since the recession, the cost of the wood used to build them is rising. Lumber prices are off to their biggest rally in more than a decade, touching a 19-month high last week as demand increased from builders. But...
Some People Did Know Everything
Some People Did Know EverythingArticle by Rich Donnell, Editor-in-Chief, Timber Processing, August 2016 As this issue’s article on the Swanson Group upgrade of its sawmill in Roseburg, Ore. makes quick mention of, there’s a lot of history at that site, which was the...
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