U.S. housing starts (single-family and multi-family combined) were a seasonally adjusted rate of 1.547 million in November, an increase of 1.2% over October and 12.8% above November 2019, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Housing had fallen to below 1 million seasonally adjusted in April during the early stages of the pandemic.
Single-family starts were at a rate of 1.186 million in November, a slight tick over October and a whopping 27.1% over November a year ago. Single-family starts increased for the seventh straight month, since falling below 700,000 in April.
Multi-family was 352,000 adjusted in November, 8% above October.
Housing building permits in November were at a 1.639 million rate, a 6.2% increase over October, and 8.5% above November 2019. Single-family permits were at 1.143 million, a 1.3% increase over October. Multi-family permits were rated at 441,000 in November, a 22.8% jump over October.
Hunt Forest Products and Tolko Industries Ltd. announced they will build a $240 million sawmill in Bienville Parish, near Taylor, La. Construction is expected to start in early 2022, and the new facility will employ 60 when operations begin in the…
Two longtime Maine family-owned businesses have joined forces as Robbins Lumber, Inc., Searsmont, has announced the acquisition of Limington Lumber Co., East Baldwin. Under the acquisition, Limington Lumber will…
Roseburg Forest Products continues to expand operations in the Southeast U.S. with the recent announcement it will build a 400MMBF annual production capacity, 375,000 sq. ft. facility on 200 acres in Weldon, NC in Halifax County…
U.S. housing starts experienced another month of growth in June 2021, reaching a seasonally adjusted rate of 1.643 million, a 6.3% increase…
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