U.S. housing starts picked up the pace in February, increasing 6.8% over January to a seasonally adjusted annual rate of 1.769 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Single-family starts in February were at a rate of 1.215 million, up 5.7% over January, while multi-family starts (five units or more) were 501,000, up 0.8%.
The February numbers top any monthly numbers in 2022, when annual housing starts hit 1.6 million. Housing starts had dropped 4% in January from December.
Housing building permits were at a seasonally adjusted rate of 1.859 million, down nearly 2% from January. Single-family permits were 1.207 million, off 0.5%, while multi-family was 597,000, down 4.5% from January.
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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