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
OSU Receives $6 Million Pledge From Sierra Pacific Industries
California-based Sierra Pacific Industries, one of the largest lumber companies in the United States, has pledged $6 million to the College of Forestry at Oregon State University for its new advanced wood products laboratory. In recognition of Sierra Pacific’s...
Lumber Prices Down Sharply; Montana’s Tricon Timber Announces Layoffs
A weak Loonie, an expiring softwood agreement and poor demand from Asia has lumber prices down sharply in the Pacific Northwest. F.H. Stoltze Land and Lumber in Columbia Falls has not had any layoffs due to the poor pricing, general manager Chuck Roady said Monday,...
Plum Creek, USDA Support Promo Effort
Article by Dan Shell, Managing Editor Recent announcements dovetail nicely with the SmartLam feature article running in this issue on page 32 that details the background, current operations and future plans of the first U.S. cross laminated timber (CLT) plant in...
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