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
One Woman To Another
One Woman To AnotherArticle by Jessica Johnson, Associate Editor, Timber Processing January/February 2016 It only took us 28 years. I probably wrote six drafts of the article that begins on page 14. I had scribbled in the margins of my planner, on the back of my...
Tembec Suspends Operations At Quebec Sawmill
Tembec, citing weakness in the North American softwood lumber market and high wood costs, is indefinitely suspending operations at its sawmill in Senneterre, Que., putting 148 employees out of work. The Montreal-based company, which last week reported strong results...
Sierra Pacific Announces Permanent Closure Of California Sawmill
Sierra Pacific Announces Permanent Closure Of California SawmillSierra Pacific Industries (SPI) today announced it will close its sawmill in Arcata, CA. “This is a particularly sad day for Sierra Pacific and for my family” said A.A. “Red” Emmerson, chairman and...
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.