U.S. housing starts soared in March 2021, with both single-family and multi-family starts contributing to the boom, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Combined starts in March were at a seasonally adjusted annual rate of 1.739 million, a whopping 19.4% above February and 37% above March a year ago when the pandemic struck.
Single-family starts in March were at an annual rate of 1.238 million, 15.3% above February and nearly 41% above March 2020. Multi-family starts were 477,000 in March, a 30% jump over February and 27% above March 2020.
Housing starts had dipped in January and February, following four consecutive months of growth to round out 2020.
U.S. housing building permits were 1.766 million in March, 2.7% above February and 30.2% over March 2020. Single-family permits were 1.199 in March, 4.6% above February and 35.6% over March 2020.
Corvallis, Ore.-based Lucidyne Technologies, which was purchased in 2020 by Microtec, is now named Microtec Corvallis as Microtec finalizes its branding integration plans. Last year, following its acquisitions of Finscan and Woodeye, Microtec rebranded Finscan as Microtec Espoo and Woodeye as…
U.S. softwood lumbermen are not as bullish about their lumber business situation as they were a year ago, but they’re still upbeat and capital expenditure projects are in full force, according to Timber Processing’s annual 2022 U.S. Sawmill Operations & Capital Expenditures Survey…
U.S. single-family housing starts in April dipped 7.3% from March to a seasonally adjusted rate of 1.1 million, but multi-family starts (five units or more) shot up 16.8% over March to 612,000, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new…
Article by Dan Shell, Senior Editor, Timber Processing May 2022 – In between looking for extra employees to fill out another shift or solidify the one or two already in place, or perhaps looking for larger vaults to hold the cash they’ve been putting away thanks to record lumber prices, lumber suppliers would be smart to…
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