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
Alabama’s John Tyler McShan Was One Of A Kind
Alabama’s John Tyler McShan Was One Of A KindJohn Tyler “JT” McShan, who grew up in a family sawmill environment and later led Alabama-based McShan Lumber, and who was a leader and legend of the lumber industry and always a familiar and friendly face at association...
New Zealand’s Niagara Sawmilling Modernizes With Comact
New Zealand’s Niagara Sawmilling Modernizes With ComactComact, a global provider in high-performance OEM wood-processing technologies, is proud to announce a major equipment and technology sale to Niagara Sawmilling Co., located in Invercargill, New Zealand. This...
SPIB Announces Planer Operator Course
SPIB Announces Planer Operator CourseThe planer operator course from the Southern Pine Inspection Bureau provides attendees with some fundamentals that anyone involved in operating a planer needs to know—but will be especially valuable for operators and trainees, QC...
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.