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
Hampton’s Babine Sawmill To Be Rebuilt
Hampton Affiliates and the Burns Lake Native Development Corporation (BLNDC) recently announced that they intend to rebuild the Babine sawmill that was destroyed by fire on January 20th, 2012. Steve Zika, CEO of Hampton Affiliates,…
Bioenergy Key To Reopening Canfor’s Radium Sawmill
Canfor has begun the process of reopening its sawmill in Radium, B.C., and says bioenergy has been key for the company to get the operation up and running again. Canfor’s Radium mill was shut down…
California Governor Signs Bill Boosting State’s Timber Industry
Gov. Jerry Brown signed legislation Tuesday enacting a new tax on lumber sales and restricting legal damages for wildfires. The bill, AB 1492, was pushed through after midnight on the last day of the legislative…
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