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
B.C. Sawmills Face Soaring Insurance Rates After Fatal Blasts
B.C. sawmill operators are facing skyrocketing insurance rates after the industry was hit hard by two fatal explosions in the span of three months. Flavelle Sawmill in Port Moody was forced to shut down last week after the company was told insurance premiums were...
B.C. Forest Industry Leaders Establish Safety Task Force
British Columbia's wood products manufacturers have come together in an unprecedented collaboration to advance research and best practices in improving mill safety in response to the devastating explosions at Babine Forest Products and Lakeland Mills. Until we receive...
Margin of Error Is Pollster’s Safe Haven
Story by Rich Donnell, Editor-in-Chief I am sure you’ll notice in this issue our extensive coverage of our annual Sawmill Capital Expenditure Survey. The articles run from page 8 to page 34, so basically that is the magazine. As usual, we’re providing two sections,...
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.