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
Grant Is Secured For New Montana Sawmill
Kootenai River Development Council of Libby has received $17,800 in grant funding from the Big Sky Economic Development Trust Fund of the Montana Department of Commerce for the purpose of bringing a sawmill to Libby. The grant request was written by Paul Rumelhart,...
Colorado Mill Operating Again, But Short-Term Future Uncertain
When Jim Neiman of Neiman Enterprises purchased Montrose’s Intermountain Resources LLC out of receivership in September, he said he hoped to fill 85 to 90 jobs. Neiman has experienced a few hiccups over the past two months, but his sawmill — renamed Montrose Forest...
U.S. Housing Market, China, Sandy Aftermath Creates Perfect Storm
It’s the perfect storm for B.C.’s forest industry. A rebounding U.S. housing market, demand in China, and now Hurricane Sandy, which destroyed billions of dollars worth of homes and infrastructure in the Northeastern U.S. that must be rebuilt. Skilled laborers have...
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.