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
Study: Mountain Pine Beetle Impacts On Montana Sawmills
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A new study authored by the University of Montana’s Bureau of Business and Economic Research and the U.S. Forest Service Rocky Mountain Research Station examines the impact of the mountain pine…
Moody’s: High Lumber Prices In 2018 To Outweigh Cost Of U.S. Duties
Duties googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Sustained high lumber prices in 2018 will cover the cost of final duties imposed by the US government on Canadian lumber imports, benefiting North American producers and timberland owners, Moody’s…
Thanks For Your Open Door Policy
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-in-Chief, Timber Processing December 2017 I like to use this space at the end of the year to express my appreciation to all of the companies that…
Softwood Lumber Board Touts Demand Growth, Increasing Sales
Lumber is an integral part of your business and how America builds its housing. The Softwood Lumber Board’s (SLB’s) mission is to make it much more than that. Our unique programs are showing what is…
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.