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
Conifex Announces McLellan As President, COO
Conifex Timber Inc. has announced that Andrew McLellan has been promoted to President and Chief Operating Officer. As President, McLellan will lead Conifex’s business units and pursue value-added opportunities in fiber procurement, lumber manufacturing and marketing, green power generation, and other complementary businesses. Andrew retains responsibility for forest…
Binderholz Celebrates Enfield Sawmill Opening
Binderholz Enfield LLC held a grand-opening in April to commemorate the official opening of its lumber production facility near Enfield in Halifax County, NC. Company, local community, and elected officials participated in the event alongside Binderholz’s corporate leadership from Austria. The Enfield facility will produce southern yellow pine lumber used in residential and…
Mercer Launches ‘Growing Forests – Growing A Future’ Program
Mercer had announced the launch of a program supporting forest owners in Germany, called “Growing Forests – Growing A Future.” Mercer Holz, the wood purchasing arm of Mercer, is committed to partnering with forest owners in Germany to sustain the longevity of their forests…
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