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
USFS To Grant Tricon Timber Project An Extension
A quandary that threatened the existence of one of the few large sawmill operations left in Montana moved toward resolution last week. A spokeswoman said Sen. Jon Tester had just received written assurance from the U.S. Forest Service that Tricon Timber’s Aug. 12...
B.C. Timber Panel Eyes Logging Protected Areas
A committee looking for ways to boost B.C.’s dwindling store of timber is looking at logging protected areas such as old-growth forests as one way out of a supply crunch. Other options include cutting greater volumes of “marginally economic” timber and pumping up...
Wood That Reaches New Heights
Among the many apartment buildings in the London borough of Hackney, the nine-story structure on the corner of Provost Street and Murray Grove stands out, its exterior a mix of white and gray tiles rather than the usual brick. But it’s what’s underneath this cladding...
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