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
Lumber Producers Brace For End Of Long Truce In U.S.-Canada Lumber Wars
Canada’s lumber producers should be a happy lot. The U.S. housing market is coming back, exports are rising and the Canadian dollar is cheap. But the industry has a wary eye on its own version of the doomsday clock – the countdown to the Oct. 12 expiry of a long truce...
New Montana Sawmill Bucks Logging Industry Trends
New Montana Sawmill Bucks Logging Industry TrendsBill Fenner has cut timber along the Rocky Mountain Front for decades, but the logging industry in the 21st century isn't what it was 30 years ago. Tightening regulations, slimmer profit margins and diminished access to...
Odd Winter Means Wood, Lumber Is Piling Up In Oregon
With the deep freeze that has inundated the eastern half of the United States contributing to the drop, prices for logs and lumber processed on the West Coast have dipped over the last couple of months. Sales are down and wood inventories are up. The market today is...
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.