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
Florida Land Is Cleared, Sold To Klausner Group
The Suwannee County Board of County Commissioners voted to deed a 155 acre property at Live Oak, Fla. for $1, with stipulations, to the Austrian company, Klausner, which plans to build a large southern pine sawmill near the interchange of US 90 West and I-10. Klausner...
Pedal To The Metal
Story by Dan Shell, Managing Editor Easing into the second half of 2013, lumber markets reflect a housing industry giving off very mixed signals. Lumber producers have enjoyed a surge in prices beginning in fall 2012 that have essentially led to a solid year of...
Hawaii Lumber Industry Sees Strong Growth Ahead
Strong growth in the Hawaii lumber industry is predicted as construction activity is picking up locally and across the nation, said Ken Laughlin, president of the Hawaii Lumber Products Association. “The lumber industry is about to take off as demand and production...
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