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%.
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Article by Rich Donnell, Editor-In-Chief The majority of this issue—nearly 30 pages in fact—is devoted to the results of our annual Sawmill Capital Expenditure Survey. Again we’ve broken it down into two sections—softwood lumber and…
Washington Lumber Mill Closing After 75 Years
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Log exports from Washington, Oregon, northern California, and Alaska totaled 272 million board feet in the first quarter of 2015, a decrease of nearly 16 percent compared to the fourth quarter of 2014, the U.S.…
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