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
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An Austrian lumber company plans to build a $130 million sawmill near Live Oak, Florida employing 350 people, a project touted as a shot in the arm to the local economy while also raising concerns about its impact on the timber supply and competing sawmills as well as...
Montana Lumber Company Looks To The Future Of The Timber Industry
Pyramid Mountain Lumber Company in Seeley Lake is the oldest surviving family-owned and operated lumber mill in Montana, surviving a decline in the housing market and operating on a decreasing supply of raw materials. "We've seen a lot of mill closures since I've been...
Interfor To Acquire Keadle Lumber In Georgia
International Forest Products Limited (Interfor) announced today that it had reached agreement in principle to acquire the assets of Keadle Lumber Enterprises, Inc. of Thomaston, Georgia. Keadle is a well-regarded producer of high quality southern yellow pine lumber...
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