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
Canadian Sawmill Equipment And Engineering Company Expands Into U.S.
The BID Group of Companies, started two generations ago in Vanderhoof, has grown to be a conglomerate of companies still based primarily in the hometown of the founding Fehr family, although it also has significant…
U.S. Lumber Prices Face Pressure On Seasonal Change, Supply Increases
U.S. lumber prices are getting chopped after notching seven-month highs, as the market hunkers down for a seasonal decline in construction and expected higher production next year. But demand for U.S. boards and planks from…
Northwest U.S. Log, Lumber Exports Rise Sharply, Thanks To China
Fueled by increased demand from China, log and lumber exports from the West Coast are on the rise, according to a study released this week. The value and volume of lumber exports from Washington, Oregon,…
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.