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
Bittersweet Reopening At Site Of Lakeland Mills Sawdust Mill Explosion
Almost three years after a sawdust-fueled explosion destroyed a Prince George lumber mill, a replacement facility will start operations on Wednesday. For the 110 workers returning to the Lakeland Mills site with well-paid, full-time jobs, it is a moment to celebrate....
Mill Explosions Stay With Us
Article by Rich Donnell, Editor-In-Chief The Ministry of Justice and the Ministry of Jobs, Tourism and Labour in British Columbia can’t seem to get on the same page with regard to the two tragic sawmill explosions that occurred early in 2012. But before you even get...
Montana Governor Promotes State’s Wood Products
A recent executive order signed by Gov. Steve Bullock recognizes Montana’s wood products industry by calling for more use of wood and other indigenous, renewable products in state building projects. Bullock cited his “Forest in Focus” initiative in his Oct. 17 order,...
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