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
One Woman To Another
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Jessica Johnson, Associate Editor, Timber Processing January/February 2016 It only took us 28 years. I probably wrote six drafts of the article that begins on page 14. I had…
Tembec Suspends Operations At Quebec Sawmill
Tembec, citing weakness in the North American softwood lumber market and high wood costs, is indefinitely suspending operations at its sawmill in Senneterre, Que., putting 148 employees out of work. The Montreal-based company, which last…
Sierra Pacific Announces Permanent Closure Of California Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Sierra Pacific Industries (SPI) today announced it will close its sawmill in Arcata, CA. “This is a particularly sad day for Sierra Pacific and for my family” said A.A. “Red” Emmerson,…
Woodgrain Millwork Buys Idaho Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Woodgrain Millwork Inc., which makes doors, mouldings and windows, announced Thursday that it bought the sawmill from Gem Forest Products. Woodgrain Millwork gained control of the equipment and lumber on the…
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.