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
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National Hardwood Lumber Assn. (NHLA) has been awarded a $500,000 matching grant from the USDA Forest Service (FS) Wood Innovations Program to support and expand markets for the U.S. hardwood industry. “We appreciate the USDA Forest Service supporting the hardwood forest industry’s important role in ensuring a sustainable future, healthy forests, and…
Sun Mountain Lumber To Buy R-Y Timber
According to multiple local news outlets, Sun Mountain Lumber has signed a purchase agreement with R-Y Timber. The two lumber mills are 146 miles from each other. Terms of the deal have not been disclosed. Sun Mountain Lumber is owned by Sherm Anderson. While his grandson, Christopher Anderson, is the controller of the company…
Georgia-Pacific Holds Pineland Ribbon Cutting
Georgia-Pacific representatives along with local elected officials and many others gathered in mid-June to celebrate the previous-announced major expansion of its Pineland sawmill. Lumber Division President Fritz Mason was on hand to cut the ribbon of the largest sawmill in the southern U.S. after the expansion and improvement…
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