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
Bill Would Boost Rural Communities
The 21st Century Conservation Corps for Our Health and Our Jobs Act recently introduced by U.S. Sen. Ron Wyden (D-Ore.) provides more than $15 billion for a wide variety of public lands projects that benefit rural…
Klausner Files Bankruptcy
Following several years of below capacity operation and controversy, Klausner Holding USA, owner of sawmills in Enfield, NC and Live Oak, Fla., filed for Chap. 11 bankruptcy in early May, claiming more than $100 million in debt, after the…
Microtec Purchases Lucidyne Technologies
In a move that creates one of the largest wood products scanning companies in the world, Microtec has acquired Lucidyne Technologies, Inc. Microtec has been delivering technologically advanced scanning and…
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.