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
New Pellet Mill Entices Area Sawmills
Some Georgia sawmills will have a new market for their byproducts as Spectrum Energy Georgia LLC plans to begin construction this summer of the largest industrial wood pellet facility in the world at Adel, Ga. and expects to commission the plant 12 months later, or summer of 2024. The plant will operate at the site of an idled particleboard facility. The plant will have the ability to receive and process all forms of biomass, including sawmill residues (chips, sawdust and shavings), pulpwood, top wood, and in-woods chips…
Your Tax Dollars Not At Work
Article by Rich Donnell, Editor-in-Chief, Timber Processing March 2023 –You may be aware of our affiliate magazine, Panel World, which covers the structural and non-structural wood panel industries in a similar way that Timber Processing covers the lumber industry. Recently in Panel World we ran a…
Con-Vey Promotes Joe Buck To Product Manager
Con-Vey has announced the promotion of Joe Buck from Sales Engineer to Product Manager, having been with the company for nearly four years. In his new role, Buck will lead the strategy development and execution of several products at Con-Vey, including particle board, MDF, and lumber, and will be working closely with the engineering, sales, and marketing teams. Buck’s extensive…
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