Single-Family Starts Dip, But Multi-Family Ticks Upward

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

U.S. housing starts (single-family and multi-family combined) came in at a seasonally adjusted annual rate of 1.569 million in April, down 9.5% from March but 67% above April 2020 when the pandemic severely hit the housing construction market.

Single-family starts were 1.087 million in April, 13.4% below March and nearly 59% above April a year ago. Multi-family was 470,000 in April, up 4% from March and a whopping 98% above April a year ago.

Housing building permits were at a seasonally adjusted annual rate of 1.76 million in April, about the same as in March and 61% above April 2020. Single-family permits were 1.149 million in April, 3.8% below March. Multi-family permits in April were 559,000, 11% above March.

Latest News

Universal Forest Products Acquires Rapid Wood Lumber Supplier

Universal Forest Products has purchased the assets of Idaho-based Rapid Wood Mfg., which supplies lumber products for manufactured housing. “This is a good opportunity to establish a manufacturing and sales presence in Idaho, bringing us…

U.S. Hardwood Lumber Demand Will Slow In February 2015

Hardwood Publishing has released its updated Leading Hardwood Demand Indicator (LHDI), a forecast of future demand for U.S. hardwood lumber based on residential and commercial construction, import/export trends, inflation levels, and job markets. The LHDI…

Plum Creek To Close Idaho Mill, Eliminating 61 Jobs

Plum Creek Timber Company announced it will close its Meridian lumber remanufacturing mill, putting 61 employees out of work. The mill produces softwood boards and edge glued panels. The property, which Plum Creek has owned…

U.S. Lumber Price Falls Due To Overcapacity

Lumber is used in a variety of industries in the United States, but the price of lumber is primarily dictated by the health of the housing and construction industry. Americans may be viewing the economy…

« Older Entries

Next Entries »

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

Subscribe Now

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.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us