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.
The Westervelt Co. recently announced a change of leadership in the wood products business. Mark Richardson has been promoted to Vice President and General Manager, Wood Products, effective January 1, 2023. He will be promoted into the role currently held by Joe Patton, who recently announced his retirement after a 24 plus year career with the company…
Two of New England’s top performing eastern white pine manufacturing facilities will be stronger together as Hancock Lumber announced plans to acquire Madison Lumber Mill of Madison, NH. Hancock Lumber’s eastern white pine operations will expand to four mills with its first sawmill acquisition in more than 20 years…
U.S. housing starts in August jumped 12.2% over July to an annual rate of 1.575 million, breaking a three month losing streak, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
USNR announced in early September, they have sold the DynaStar Maintenance Management Software to DrekiTek Software Solutions Ltd., and looks forward to a long-term relationship with DrekiTek Software Solutions as it continues the development and support of the DynaStar system…
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