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
Flush With Lumber, N.A. Hardwood Buyers Slow Purchases
North American hardwood sawmills reported slow sales during the first half of March. “Normally we see business improve from the second week of January through May,” said one contact. “This year, we are quoting and not selling.” One buyer for a large flooring...
Georgia-Pacific Concludes Deal For Alabama Lumber Facility
Georgia-Pacific today announced it has concluded an agreement with RoyOMartin for the transfer of RoyOMartin's Mexia, Alabama, Rocky Creek lumber operations to Georgia-Pacific. The Rocky Creek lumber facility employs approximately 110 employees. Terms of the agreement...
West Coast Log And Lumber Exports Decreased In 2014
Log and lumber exports from Washington, Oregon, northern California, and Alaska both decreased in volume in 2014 compared to 2013, the U.S. Forest Service’s Pacific Northwest Research Station reported today. Exports of west coast logs decreased 13 percent to a total...
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