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
Bennett Lumber Products Plans To Reopen Washington Mill
The timber market is on the rebound and the owners of Bennett Lumber Products aren't wasting any time, they're looking to hire dozens of people later this year. They plan to have between 60 and 70 employees after a five-year closure at the local mill. Wood is now...
Global Lumber Outlook For 2014: Market Prospects Look Good
The outlook for global lumber markets hinge on demand forces in the key consuming regions of the world. More specifically, it will be the lumber demand trends in the U.S., China and Western Europe that will shape global markets in 2014 and beyond. The following...
U.S. Lumber Sector Stable As Housing Starts Pass 1 Million Mark
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