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
Sawdust Samples Sent To U.S. To Help Determine Cause Of B.C. Mill Explosions
WorkSafeBC officials say they are still trying to determine the cause of fatal blast that leveled the Burns Lake sawmill in January, including what role sawdust may have had in the explosion that killed two mill workers and injured 19. During an investigation update...
Everett Pulp Mill To Be Demolished
Kimberly-Clark said Thursday it plans to demolish its closed pulp-and-paper mill on Everett’s waterfront and sell the 66-acre property. The company laid off 760 employees before shutting down the roughly 80-year-old plant earlier this month. It will tear down the mill...
Sawdust Ordered Removed From B.C. Mills
In an unprecedented, precautionary crackdown, safety officials are ordering every sawmill in British Columbia to remove all accumulated sawdust from their premises, a factor cited as a possible trigger of two catastrophic mill explosions in the past three months. The...
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