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
USNR Parent Company Acquires Norwood Sawmills
USNR Parent Company Acquires Norwood Sawmills USNR, a global supplier in wood processing technologies, is pleased to announce that Norwood Industries, a supplier of portable sawmills, has joined its corporate family. Norwood will operate as an independent sister...
Ben Brydges Appointed Wood-Mizer CEO
Ben Brydges Appointed Wood-Mizer CEOWood-Mizer has named Ben Brydges as Chief Executive Officer. In his new role, Brydges will guide the company into its next phase of strategic growth and product innovation, strengthening Wood-Mizer’s position as a trusted name...
More Than Tariffs Cause Sinclar Forest Products Mill Reductions
More Than Tariffs Cause Sinclar Forest Products Mill ReductionsPrince George, British Columbia-based Sinclar Forest Products is reducing production output at its Apollo Forest Products (Fort Saint James), Nechako Lumber (Vanderhoof) and Lakeland Mills (Prince George)...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.