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
Resilience Capital Partners Acquires PA Sawmill
Resilience Capital Partners, a Cleveland-based private equity firm, recently announced the completion of the acquisition of Weaber, Inc., a leading hardwood lumber mill. Founded in 1941, Weaber, Inc. is one of the nation’s leading hardwood…
Low Country BioMass Pellet Plant Utilizing Sawmill Residue
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Low Country BioMass, LLC, Ridgeland, SC, completed construction and began production in mid-November. The pellet plant is on track to finish the commissioning process and begin its 24/7 schedule by the…
Mississippi Lumber Company Forced To Shut Down
Hankins Lumber Company in Elliott, Miss. announced last week that it would temporarily cease operations beginning January 6. According to Office Manager Jerry Pegg, employees were told that operations will be suspended until the lumber…
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.