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.
Hunt Forest Products and Tolko Industries Ltd. announced they will build a $240 million sawmill in Bienville Parish, near Taylor, La. Construction is expected to start in early 2022, and the new facility will employ 60 when operations begin in the…
Two longtime Maine family-owned businesses have joined forces as Robbins Lumber, Inc., Searsmont, has announced the acquisition of Limington Lumber Co., East Baldwin. Under the acquisition, Limington Lumber will…
Roseburg Forest Products continues to expand operations in the Southeast U.S. with the recent announcement it will build a 400MMBF annual production capacity, 375,000 sq. ft. facility on 200 acres in Weldon, NC in Halifax County…
U.S. housing starts experienced another month of growth in June 2021, reaching a seasonally adjusted rate of 1.643 million, a 6.3% increase…
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