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
Element5 Chooses Pinomatic For Glulam Expansion
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Pinomatic is delivering a glulam line and sorting line infeed to the Element5 mass timber facility in St. Thomas, Ontario. The project delivery in North American market represents yet another big…
Progress Industries No-Slot Chipper
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The Progress Industries “No-Slot” chipper is the newest addition to a growing line of wood utilization equipment. The “No-Slot” chipper is a combination of old principles and new ones. It is…
Arizona Operation Gains Funding
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Restoration Forest Products Group, which previously operated as New Life Forest Products and before that as Good Earth Power, reported earlier this year it has received $95 million in additional financing…
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.