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%.
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The Logger Supply Chain Strain
During the Southern Forest Products Assn.’s educational sessions at the 2021 event, longtime sawmiller and consultant Huey Long noted that early in his career, one of his mentors said that to help maintain perspective, it’s important to always keep a basic line chart graph showing 20 years of lumber prices on your office…
Musser Plans More Byproducts
Musser Biomass and Wood Products, a division of family-owned and operated Musser Lumber Co., will invest $7.5 million and create 10 new jobs to expand its operation at Rural Retreat, Va. The expansion will more than double production of dried hardwood chips and sawdust the company supplies to composite decking…
Sierra Pacific Foundation Grants Scholarships
Sierra Pacific Foundation is awarding more than $521,000 in scholarships to 169 students as they attend colleges, universities, and trade schools during the 2023-2024 school year. “It is both an honor and a privilege for our family to continue to offer this ongoing support for these students,” says Carolyn Emmerson Dietz…
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