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
Oregon’s Rough & Ready Lumber To Reopen With $5 Million In Government Backing
Oregon’s Rough & Ready Lumber Co. will reopen nearly a year after it closed, adding back dozens of jobs to a pocket of rural Oregon where one in 10 are out of work. The restart…
Why Northwest Mills Want China To Buy Lumber Instead Of Logs
Mark Elston followed his father into the timber industry back when business was booming. “When I started, you could really mess things up and still make good money,” he said. “You can’t do that anymore.”…
Oregon’s Hull-Oakes Lumber Company Embraces Niche
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); With one foot in the past and one in the future, Hull-Oakes Lumber Co. took a big step last year. A timber-milling outfit famous for having one of the last steam-powered…
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.