U.S. Housing Starts Hit A High Note
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.
RELATED ARTICLES
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 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
Pinnacle, Tolko Team Up Again
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Pinnacle Renewable Energy has entered into a limited partnership agreement with Tolko Industries Ltd. to build Northern Pellet Limited Partnership, a new industrial wood pellet production facility in High Level, Alberta.…
SFPA Expo Attracts Sawmillers
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); More than 180 exhibitors attended the Forest Products Machinery and Equipment Exposition produced by Southern Forest Products Assn. at the Georgia World Congress Center in Atlanta from June 24 to 26.…
Forest Service Chief Applauds Momentum Of Mass Timber Market
USDA Forest Service Chief Vicki Christiansen joined with staff of the University of Idaho to break ground on a one-of-a-kind engineered wood arena. The 62,000-square-foot, 4,200-capacity facility will highlight Idaho’s wood products industry and will…
Tale Of Two Regions
This summer has started with a series of curtailment and closure announcements from several major lumber producers in Western Canada. Canfor is temporarily reducing production capacity in British Columbia by 200MMBF, curtailing operations at all…
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.