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
U.S. Lumber Prices Face Pressure On Seasonal Change, Supply Increases
U.S. lumber prices are getting chopped after notching seven-month highs, as the market hunkers...
Northwest U.S. Log, Lumber Exports Rise Sharply, Thanks To China
Fueled by increased demand from China, log and lumber exports from the West Coast are on the rise,...
Plum Creek CEO Rick Holley Sees Recovery For Lumber
Rick R. Holley is CEO of a real estate investment trust that owns about 6.3 million acres in 19...
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.