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
Reopened Wyoming Mill Will Provide 80 New Jobs
A sawmill will reopen in Saratoga in December with a new owner and more than 80 new job opportunities. The mill, now known as Saratoga Forest Management, was purchased by Gary Ervin of Oregon in April 2011. Bob Jensen, CEO of the Wyoming Business Council, said an...
Warm Springs Mill Operators Say Layoffs Are Temporary
Warm Springs Mill Operators Say Layoffs Are TemporaryLaid-off Warm Springs Forest Products employees will be called back to work early next year after equipment and facility improvements are completed, a company official said last week. State officials said Tuesday...
After Review, Southern Pine Gets Good Report Card
The Southern Pine Inspection Bureau (SPIB) has submitted its proposed design values for all grades and sizes of visually graded Southern Pine dimension lumber to the American Lumber Standard Committee (ALSC), which will meet on Oct. 18, 2012, to hear testimony from...
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