Single-Family Housing Starts Rise Again
U.S. housing starts reached a seasonally adjusted rate of 1.415 million in September, a 1.9% increase above August and an 11.1% increase over September 2019. Single-family starts carried the day at 1.108 million in September, a whopping 8.5% above August and 22.3% over September 2019.
Single-family starts have increased for five consecutive months, since hitting a low ebb of 679,000 during the onslaught of the pandemic in April.
Multi-family starts, however, continued a downward swing in September, at 295,000, 14.7% decline from August.
Building permits in September were 1.553 million, a 5.2% jump over August and 8.1% increase compared to September 2019.
Latest News
Tolko Industries Joins Up With Jasper Lumber
Tolko Industries (U.S.) Ltd. and Jasper Lumber Co. have announced a 50-50 joint-venture partnership in Jasper’s existing southern yellow pine sawmill, shavings, chipping and trucking operations in Jasper, Ala., with plans…
Stoltze Timber Plans CLT Facility
Montana-based F.H. Stoltze Land and Lumber Co. is teaming up with a group of partners to form Stoltze Timber Systems, Inc., which plans to build a cross-laminated timber (CLT) facility adjacent the F.H. Stoltze sawmill near Columbia…
Northwest Hardwoods Reconfigures
Northwest Hardwoods, Inc. (NWH) reports it has entered into a restructuring support agreement (RSA) with holders of more than 95% in principal amount of the company’s secured notes and certain of its existing equity holders to execute…
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.