U.S. Housing Starts Gain Momentum
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.
RELATED ARTICLES
New Year Brings In Housing Starts Dip
U.S. Housing Starts Complete Robust Year
Single-Family, Multi-Family Starts Flourished In November
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
Housing Starts Gain Steam, Though Permits Show Slight Decline
Housing Starts Increase In May, Far Ahead Of One Year Ago
Single-Family Starts Dip, But Multi-Family Ticks Upward
U.S. Housing Starts Hit A High Note
U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
Housing Starts Finish Year With A Bang
U.S. Housing Starts Continue Upward
U.S. Single-Family Starts Jump for Sixth Month In Row
Single-Family Housing Starts Rise Again
Single-Family Housing Starts Go Up
U.S. Housing Starts Show Big Increase
Latest News
First Southeast U.S. CLT Plant Announced
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); International Beams plans to build the first cross-laminated timber production facility in the Southeastern U.S. in Dothan, Ala. A 227,000 square foot facility, a vacated GE plant, will be the manufacturing…
Mass Timber Gets The Nod For University Of Idaho’s New Basketball Arena
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The momentum for mass timber continues to gain strength and speed, with last week’s announcement that the University of Idaho will build its new $30 million basketball arena from wood. Why?…
CalAg Rice MDF Plant Is A Go
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The CalAg rice straw-based medium density fiberboard plant is becoming a reality. CalPlant I, as it is called, has completed and closed financing for a $315 million plant to be built…
U.S. Lumber Coalition Objects To Canada Subsidizing
The U.S. Lumber Coalition, a trade group that had been rallying against the extension of the Softwood Lumber Agreement with Canada, came out as expected against the Canadian government’s plan to spend C$867-million in subsidies…
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.