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
U.S., Canada Extend Softwood Lumber Agreement
A two-year extension to the 2006 Softwood Lumber Agreement (SLA) has been agreed upon, extending the program to October 2015 and granting stability to the volume softwood trade between the U.S. and Canada. The SLA was originally signed by the U.S. and Canadian...
Canal Wood Takes Hit For Timber Practices
Canal Wood, the nation’s largest privately held provider of wood fiber supply chain services, has paid the U.S. government $520,064 as settlement related to findings that Canal failed to report approximately 1,000 timber scale tickets on settlement sheets for timber...
Stimson Lumber Invests In Oregon Sawmill
Stimson Lumber Company recently invested $5.5 million for mechanical upgrades at its Tillamook, Ore. stud mill. An estimated 5%, or $275,000, was spent in Tillamook County on local contractors, helping to boost the local economy. Plant Manager Chris Stirk described...
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