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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Universal Forest Products, Inc. recently announced that a subsidiary of the Company has purchased certain assets of Haleyville, Ala.-based MSR Forest Products, LLC, a supplier of roof trusses and cut-to-size lumber to the region's manufactured housing producers. The...
Wood Products Industry Leaders Take To Capitol Hill
Representatives from the wood products community are on Capitol Hill this week meeting with members of Congress to discuss federal issues affecting their industry and its more than 300,000 workers. The American Wood Council (AWC) Fly-In has gathered industry leaders...
Oregon Wood Products Sector Makes Slow Turn Upward
The international markets didn't register a ripple, but on April 9, Arnie Swan drove 25 minutes from his home and reported to work at Boise Cascade's veneer plant. He's a new hire, not a worker called back from one of the layoffs and shutdowns that have dogged the...
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