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
Seeking Signs Of Sustainable Recovery
Story by Dan Shell, Managing Editor Right now housing starts are up for the past three months, and after a revision of March statistics to an annual rate of 636,000, housing starts are currently at their highest level since November 2008. Of course, it’s important to...
Sawdust Musings
Story by Jennifer McCary, Senior Associate Editor During the last 25 years, sawdust, trimmings and shavings have gone from being a waste disposal problem to being a revenue stream that helped some mills keep running even in the face of declining lumber demand. Today...
What More Can You Ask For?
Story by Rich Donnell, Editor-in-Chief We are only a quarter into the year, and it has already been a good one for Steve Singleton. There are two reasons. One reason is because he is named Timber Processing’s 2010 Man of the Year. Singleton is general manager of...
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.