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
Georgia-Pacific Holds Pineland Ribbon Cutting
Georgia-Pacific representatives along with local elected officials and many others gathered in mid-June to celebrate the previous-announced major expansion of its Pineland sawmill. Lumber Division President Fritz Mason was on hand to cut the ribbon of the largest sawmill in the southern U.S. after the expansion and improvement…
Caribou Purchases StumpGeek Software
Caribou Software, a forestry software company that services more than 300 timber companies across North America, has announced its acquisition of the StumpGeek forestry software system to extend its product offering to smaller logging contractors and sawmills. “Over the years, we’ve spoken to many, many logging contractors and…
JoeScan Team Expands
Sawmill scanning company JoeScan, founded in 2002, is once again expanding their team with the addition of two new engineers to their roster. “We’ve seen a tremendous amount of growth in terms of sales,” says JoeScan president Joey Nelson. “So we have some additional demand on our engineers to answer support questions. But we also want to continue to develop new…
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