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
Hardwood Checkoff Opponents Win Delay For More Comments
Following a request by Hardwood Checkoff opponents, the woodworking industry now has until Sept. 7 to submit comments on the proposed program. Hardwood Checkoff would set a tax on lumber producers to help promote wood sales, similar to the "Got Milk?" and "Pork: The...
Study Shows That Timber Buildings Cost Less To Build
A new study shows that timber buildings can be up to 10-15% cheaper to construct than traditional designs in several different building types. The study, “Commercial Building Costing Case Studies – Traditional Design versus Timber Project,” was led by Andrew Dunn,...
Roseburg Forest Products Moving Oregon Headquarters
Roseburg Forest Products Moving Oregon HeadquartersBig changes are coming to Roseburg Forest Products in Dillard. RFP has announced it’s moving its headquarters to Springfield. Officials with the company say they want to expand its resources to be able to recruit...
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