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.
Peak Renewables reports it is building a 600,000 tonne per year industrial wood pellet facility in Fort Nelson, British Columbia. Fort Nelson First Nation will reportedly have equity in the plant, which is anticipated to be in…
Forest products industry, environmental and conservation leaders have announced an agreement of principles on the important role sustainably managed forests and forest products…
Austria-based Binderholz Group has purchased, through auction, the bankrupt Klausner Lumber Two LLC sawmill operation in Enfield, NC for $83.4 million. Binderholz had already purchased, at auction in August,…
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