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
First CLT Office Opens In DC
Opened in fall 2022, the first mass timber commercial building in the U.S. capital city features more than 108,000 sq. ft. of mass timber. The building is an innovative retrofit at 80 M Street SE in Washington, DC: Termed an overbuild—extra stories atop an existing building—the expansion features three floors, where columns of mass timber are visible from the interior…
Teaching Old Dogs New Tricks
Article by Jessica Johnson, Senior Editor, Timber Processing November 2022 – I very clearly remember a dinner I had with one of my favorite engineers from the West Coast after a day on the sawmill show floor many, many years ago. After a few cocktails (don’t all stories get good once you hear…
SFPA Elects 2022-23 Officers
The Southern Forest Products Assn. (SFPA) elected its new officers during the board of directors session at the association’s annual meeting October 21, 2022, in Nashville. The 2022-23 SFPA officers are Chairman of the Board, Mark Richardson, The Westervelt Co.; Vice Chairman of the…
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